Which of the following will describe the effect of admission of a new partner through purchase of interest (at book value) of existing partner? 1 point Total Assets - No effect; Total Capital - Increase; Old Partners' P&L ratio - Decrease Total Assets - Decrease; Total Capital - No effect; Old Partners' P&L ratio - No effect Total Assets - Increase; Total Capital - Decrease; Old Partners' P&L ratio - Increase Total Assets - No effect; Total Capital - No effect; Old Partners' P&L ratio - Decrease Which of the following best describes the admission of a new partner by investing an amount equal to the agreed capital? * 1 point Total Assets No effect; Total Capital - Increase; Old Partners' P&L ratio - Decrease Total Assets - Increase; Total Capital - No effect; Old Partners' P&L ratio - No effect Total Assets - Increase; Total Capital - Increase; Old Partners' P&L ratio - Decrease Total Assets - Decrease; Total Capital - No effect; Old Partners P&L ratio - No effect