A= The amount of tangible assets contributed by the new partner into the partnership
B= The amount of capital credited to the new partner
C= Total Capital of the partnership before the admission of a new partner
D= Total capital of the partnership after the admission of the new partner
29. Refer to the above information. Which statement below is correct if a new
partner receives a bonus upon contributing assets into the partnership?
a. B < A and D = C - A
b. B > A and D = C + A
c. A = B and A = D + C
d. B > A and C = D + A
30. Refer to the above information. Which statement below is correct if the old
partners receive a bonus upon the contribution of assets into the partnership by
a new partner?
a. B < A and D = C - A
b. B + A and D > C + A
c. B < A and D = C + A
d. B > A and D = C + A
31. Refer to the above information. Which statement below is correct if goodwill
of the old partners is recognized upon the contribution of assets into the
partnership by a new partner?
a. B = A and D < C + A
b. B = A and D > C + A
c. B < A and D = C + A
d. B > A and D < C + A
32. Refer to the above information. Which statement below is correct if a new
partner purchases an interest in capital directly from the old partners?
a. C < D
b. C = D
c. C = D and B = A
d. C < D and B = A
33. Refer to the above information. Which statement below is correct if a new
partner's goodwill is recognized upon contributing assets into the partnership?
a. B = A and D > C + A
b. B < A and D < C + A
c. B > A and D = C + A
d. B > A and D > C + A
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