- Suppose X, and Y are two partner has 20,000 capital balance each sharing profit and loss equally agree to admit C as new partner for 40% interest in capital and profit with investment 24000$. calculate how much the new partner should pay according to the Good will approach 2667 Question 23 Not yet answered Marked out of 1.00 P Flag question Select one: O True False X invests the following assets in a new partnership: $30,000 in cash, and equipment that cost $70,000 but has a book value of $34,000 and fair value of $40,000. Hampton, Capital will be credited for $64,000. on Select one: O True False Sameer and Sami are two partners in partnerships divided profit & loss 5:3 respectively, at the year ended 2018 the net income of the partnership $ 60,000 if Sameer received $ 40,000 Bonus and Sami received $ 4000 salary for managing the partnership what are the share of Sami from remaining profit Select one: O a. 10,000 loss b. 10,000 profit C. 6,000 loss O d. 6,000 profit