In the ABC partnership (to which Daoud seeks admittance), the capital balances of Ahmad, Bahi, and Careem, who share income in the ratio of 4:4:2 are:

Ahmad $600,000

Bahi $400,000

Careem $300,000

Based on the preceding information, what amount of goodwill will be recorded if Daoud invests $500,000 for a one-third interest?

Select one:

a. $ 100,000

b. $ 150,000

c. $ 300,000

d. $ 0