Refers to the following information to answer questions $1$ to $4$:$P,L,$ and $O$ are partners with capital balances of $$50,000,$$$30,000$ and $$20,000$ and who share in the profit and loss of the PLO partnership $30\%,20\%,$ and $50\%,$ respectively, when theyagree to admit C for a $20\%$ interest.

If $C$ contributes $$40,000$ to the partnership and the goodwill method is used, what amount will be debited for goodwill?

a$.$ $$15,000$

b$.$ $$20,000$

c$.$ $$25,000$

d$.$ $$28,000$

e$.$ $$60,000$

C contributes $$10,000$ to the partnership and the goodwill method is used. What will be the result of the goodwill calculation?

a$.$ Goodwill of $$15,000$; split among the original partners.

b$.$ Goodwill of $$15,000$; all to $C.$

c$.$ Goodwill of $$15,000$; split among all four partners: $P,L,O,$ and C$.$

d$.$ Goodwill of $$12,000$; all to C$.$

e$.$ Goodwill of $$12,000$; split among original partners

C contributes $$38,000$ to the partnership and the bonus method is used. What amount will be credited for C$\text{'}$s beginning capital balance?

a$.$ $$20,000$

b$.$ $$25,000$

c$.$ $$27,600$

d$.$ $$32,600$

e$.$ $$38,000$

If $C$ is to contribute an amount equal to his book value share of the new partnership, how much should $C$ contribute?

a$.$ $$22,000$

b$.$ $$20,000$

c$.$ $$25,000$

d$.$ $$18,000$

e$.$ $$10,000$