Multiple-choice

A, M, and I are partners with profit sharing percentages of .40,.20, and 40, respectively, and that I decides to retire A Capital - $70,000 M capital - 50,000 I capital -80,000 The partners agree that the business is undervalued on the partnership books and that I will be paid $92,000 in the settlement of his partnership interest By using bonus method, record)'s withdrawal Dr. J capital 92,000 Cr. Cash 92.000 De capital 80,000 D. A capital 8.000 Dr. M capital 4,000 -bo Cr. Cash 92.000 Dr. capital 80.000 Dr. Goodwill 12.000 .co Cr. Cash 92.000 None of the above do