ngagenow.com/ilm/takeAssignment/takeAssignmentMain.doinvoker assignments&takeAssignmentsessionLocator = assignment-takein progress-as Calculator Immediately prior to the admission of Abbott, the Smith-Jones Partnership assets had been adjusted to current market Smith and Jones were $40,000 and $60,000, respectively. If the parties agree that the business is worth $120,000, what is the amount of b be recognized in the accounts at the admission of Abbott? O a. $80,000 O b. $20,000 O c. $60,000 Od. $40,000 REET