In the ABC Partnership (To Which Daniel Seeks Admittance),the Capital

question 61

Multiple Choice

In the ABC partnership (to which Daniel seeks admittance) ,the capital balances of Albert,Bert,and Connell,who share income in the ratio of 5:3:2 are:

-Based on the preceding information,what amount of goodwill will be recorded if Daniel invests $450,000 for a one-third interest?

• A)$0
• B)$10,000
• C)$50,000
• D)$100,000

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Definitions:

Market Development

A strategic business growth technique that involves selling existing products in new markets or new geographical areas.

Existing Products

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Value Delivery Network

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Socio-cultural Factors

Elements that influence one's lifestyle and preferences, including family, education, religion, and social class, which marketers use to segment and target audiences.