Question 1 Not yet answered Marked out of 1.00 Flag question IF A & B are two partner, A partner 30,000 capital and the same amount for B. they agree to enter new partner C what are the amount should C pay for having 50% of Total capital Select one: a. 30,000 b. 60,000 C. 80,000 d. 40,000 Question 2 Not yet answered Marked out of 1.00 Flag question XYZ Company receives net proceeds of $39,500 on the sale of share investments that cost $42,000. This transaction will result in reporting in the income statement Select one: a. gain 39500 b. gain 2500 O c. loss 39500 O d. loss 2500