Morse and Niguel, Partners of Morse & Niguel Limited Liability

Morse and Niguel, partners of Morse & Niguel Limited Liability Partnership, shared net income and losses equally. On March 1, 2006, Odmark was admitted to the partnership; the new ratio for sharing net income and losses was Morse, 25%; Niguel, 25%; and Odmark, 50%. Odmark invested the net assets of a single proprietorship. The value of Odmark's proprietorship as a going concern was $120,000, and the current fair value of the proprietorship's identifiable net assets was $90,000. The difference of $30,000 between the going-concern value and the identifiable net assets value is recognized as:

A) Goodwill credited to Odmark's capital account
B) Goodwill credited $15,000 each to the capital accounts of Morse and Niguel
C) A bonus of $15,000 each to Morse and Niguel
D) A bonus of $30,000 to Odmark with offsetting debits of $15,000 each to the capital accounts of Morse and Niguel