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In the AMR partnership, Aseel's capital is $40,000, Malak's is $50,000, and Rula's is 30,000. They share income in the 60:20:20ratios, respectively. Rula is retiring
In the AMR partnership, Aseel's capital is $40,000, Malak's is $50,000, and Rula's is 30,000. They share income in the 60:20:20ratios, respectively. Rula is retiring from the partnership and she is paid $35,000, and all implied goodwill is recorded. The journal entry to recognize all implied goodwill before Rula's retirement will include: O a. Debit Goodwill, $5,000; Credit Rula, Capital $5,000. O b. Debit Goodwill, $25,000; Credit Aseel, Capital, $15,000; Credit Malak, Capital, $5,000; Credit Rula, Capital $5,000. O c. Debit Goodwill, $5,000; Credit Aseel, Capital, $3,000: Credit Malak, Capital, $1,000; Credit Rula, Capital$1,000. O d. Debit Goodwill, $30,000; Credit Aseel, Capital, $18,000; Credit Malak, Capital, $6,000; Credit Rula, Capital$6,000.
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