Nunes retires and receives $275,000 in cash from the partnership. Partnership net assets are recorded at amounts approximating fair value. If the partial goodwill approach is used, goodwill is recognized in the amount of: Select one: a. $75,000 b. $100.000 c. $25,000 d. $125.000 The capital balances of the DEF Partnership are as follows: The partners' income sharing ratio is: Danielson, 25\%; Eklund, 45\%; Forsberg, 30%, Gustafson joins the partnership by contributing $140.000 to the partnership for a 20% interest in partnership capital. Assume the partnership's identifiable net assets are carried at amounts approximating fair value. Now assume Gustafson paid $100.000 for a 20% interest in partnership capital. If the bonus method of admission is used. Gustafson's capital balance is: Select one: a. $100.000 b. $103.000 c. $105.000 d. $95,000 Anh, Byun and Chea have interests in the ABC Partnership. Partnership income for the year is $200,000. The partnership agreement specifies that partnership income is to be allocated as follows: salaries of $20,000 to Anh, $60,000 to Byun, and $20.000 to Chea; a bonus of 25% of partnership income, after deducting salaries and bonus, to Chea, and the remainder allocated between the three partners in a 5:2:1 ratio. The total income allocation to Anh is: Select one: a. $45,000 b. $20.000 c. $70.000 d. $75,000