Business, 17.12.2019 01:31, beto66

Paul and ray sell musical instruments through their partnership. to bring in additional funds and expertise, they decide to admit janet to the partnership. paul's capital is $400,000, ray's capital is $200,000, and they share income in a ratio of 7: 3, respectively. required record janet's admission and the recording of goodwill for the following situation: a) janet invests $180,000 for a one-fourth interest. goodwill is to be recorded.

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Paul and ray sell musical instruments through their partnership. to bring in additional funds and ex...