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The following are the balances in each partner's capital account: Partner A 540,000 Fartner B...

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Accounting

The following are the balances in each partner's capital account: Partner A 540,000 Fartner B $ 20,000 Partner C 60.000 The profit sharing split is 40:40:20 for A:B:C Partner D pays $25,000 for 10% of the partnership. Required: Using the Goodwill Method, what will the amount of goodwill recorded on this transaction?

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