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The Tim-Tam-Tom partnership has the following capital balances and profit and loss allocation: Tim (30% of gains and losses) 100,000 Tam (20%) 150,000 Tom (50%) 200,000 Tem invests $220,000 in cash, paid to the partnership, for a 20% ownership stake. Using the Goodwill method, what are the goodwill amount to be recognized and Tims capital balance, respectively?

		650,000; 220,000;
		650,000; 295,000;
		430,000; 229,000;
		430,000; 295,000;
		None of the answers is correct The Tim-Tam-Tom partnership has the following capital balances and profit and loss allocation: Tim (30% of gains and losses) 100,000 Tam (20%) 150,000 Tom (50%) 200,000 Tem invests $300,000 in cash, paid to the partnership, for a 20% ownership stake. Using the Bonus method, after the transaction what is Tams capital balance? 180,000 300,000 192,000 150,000 None of the answers is correct The Tim-Tam-Tom partnership has the following capital balances and profit and loss allocation: Tim (30% of gains and losses) 100,000 Tam (20%) 150,000 Tom (50%) 200,000 Tem invests $200,000 in cash, paid to the original partners, for a 20% ownership stake. Using the Goodwill method, what are the goodwill amount to be recognized and Tims capital balance, respectively? 550,000; 200,000; 550,000; 265,000; 350,000; 205,000; 350,000; 265,000; None of the answers is correct The Tim-Tam-Tom partnership has the following capital balances and profit and loss allocation: Tim (30% of gains and losses) 100,000 Tam (20%) 150,000 Tom (50%) 200,000 Tem invests $250,000 in cash, paid to the original partners, for a 20% ownership stake. Using the bonus method, after the transaction what is Toms capital balance? 180,000 250,000 255,000 280,000 None of the answers is correct

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