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Skye and Chase Partnership agree to admit Rubble. Capital balances of Skye and Chase are $98,000 and $121,000, respectively. Skye and Chase share profits/(losses) on
Skye and Chase Partnership agree to admit Rubble. Capital balances of Skye and Chase are $98,000 and $121,000, respectively. Skye and Chase share profits/(losses) on a 65:35 basis. Rubble invests $82,000 for a 25% interest. What amount of implied Goodwill will be recorded by the partnership?
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a) | $301,000 |
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b) | $ 82,000 |
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c) | $328,000 |
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d) | $ 27,000 |
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