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Orange and Blue have a partnership with capital balances of $50,000 and $70,000, respectively. They wish to admit Jeri White into the partnership partly because
Orange and Blue have a partnership with capital balances of $50,000 and $70,000, respectively. They wish to admit Jeri White into the partnership partly because of the prestige that she will bring to the partnership. If White purchases a one- fourth interest in capital and future profit and loss for $25,000, her capital account should reflect assigned goodwill in what amount? O A. $11,250 CO $10,000 O C. $25,000 O D. $15,000
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