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?
Definitions:
Developed Country
A sovereign state that has a highly developed economy and advanced technological infrastructure relative to other less industrialized nations.
Asthmatic Attack
A sudden worsening of asthma symptoms caused by the tightening of muscles around the airways.
Newspaper Ink
Newspaper Ink is the ink used for printing newspapers, often soy-based in modern times due to environmental considerations and for easier recycling.
Cigarette Smoke
The smoke emitted from burning tobacco in cigarettes, which contains harmful chemicals and toxins.
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