In the AD Partnership,Allen's Capital Is $140,000 and Daniel's Is

question 21

Multiple Choice

In the AD partnership,Allen's capital is $140,000 and Daniel's is $40,000 and they share income in a 3:1 ratio,respectively.They decide to admit David to the partnership.Each of the following questions is independent of the others.
-Refer to the information provided above.David invests $50,000 for a one-fifth interest.What amount of goodwill will be recorded?

• A)$20,000
• B)$4,000
• C)$40,000
• D)$15,000

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Definitions:

Adrenergic

Relating to nerve cells or fibers that release adrenaline (epinephrine) or noradrenaline (norepinephrine) as a neurotransmitter.

Postganglionic Sympathetic

Refers to the neurons in the sympathetic nervous system that transmit nerve impulses away from the ganglia to target organs.

Preganglionic Sympathetic

Pertains to the neurons that run from the central nervous system to a ganglion in the sympathetic part of the autonomic nervous system.

Acetylcholine

A neurotransmitter in the body that is involved in muscle activation, heart rate, and many other functions in the nervous system.