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Use the Following Additional Information to Answer Questions Bellow

Question 50

Multiple Choice

Use the following additional information to answer Questions bellow :
Now assume Gustafson paid $90,000 for a 20% interest in partnership capital.
-If the goodwill method is used to record the admission of Gustafson, Forsberg's capital balance immediately following admission of Gustafson is:


A) $154,875
B) $145,125
C) $150,000
D) $172,500

Correct Answer:

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