This question pertains to withdrawal of a partner and the corresponding goodwill. Michael Starr, a partner who worked in an accounting (he was a fan of doing consolidations), decided to withdraw from the partnership. Starr's share of the partnership profits and losses was Upon withdrawing from the partnership (and promising to never work again), he was paid $74,000 in final settlement for his interest. The of the partners' capital accounts before recognition of partnership goodwill prior to Starr's withdrawal was $210,000. After his withdrawal remaining partners' capital accounts, excluding their share of goodwill, totaled $160,000. The total agreed upon goodwill of the firm was Multiple Choice 0 $140,000 0 $120,000 $250,000 $160,000 This question pertains to withdrawal of a partner and the corresponding goodwill. Michael Starr, a partner who worked in an accounting (he was a fan of doing consolidations), decided to withdraw from the partnership. Starr's share of the partnership profits and losses was Upon withdrawing from the partnership (and promising to never work again), he was paid $74,000 in final settlement for his interest. The of the partners' capital accounts before recognition of partnership goodwill prior to Starr's withdrawal was $210,000. After his withdrawal remaining partners' capital accounts, excluding their share of goodwill, totaled $160,000. The total agreed upon goodwill of the firm was Multiple Choice 0 $140,000 0 $120,000 $250,000 $160,000