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Lear is to become o partner in the WS partnership by paying $80,000 in cash to the business. At present, the capital balance for Hamlet
Lear is to become o partner in the WS partnership by paying $80,000 in cash to the business. At present, the capital balance for Hamlet is $70,000 and for MacBeth is $40,000. Hamlet and MacBeth share profits on 7:3 basis Lear is ecquiring 40 percent of the new pertnership. a If the goodwill method is applied, what will the three copital balances be following the payment by Lear? b. If the bonus method is applied, what will the three copital balances be following the payment by Lear? Macbeth Lear
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