Eagle and Falk are partners with capital balances of $45,000 and 25,000,respectively.They agree to admit Robb as a partner.After the assets of the partnership are r*ued,Robb will have a 25% interest in capital and profits,for an investment of $30,000.What amount should be recorded as goodwill to the original partners?
  a.$0
  b.$5,000
  c.$7,500
  d.$20,000
 
  CPA-00721 Explanation
  Choice “d” is correct,$20,000.
  Robb's investment:
  25% of total capital=$30,000
  Calculate total capital $30,000/.25
  Total capital=$120,000
  Less existing capital balances:
  Eagle     $45,000
  Falk      25,000
  Robb      30,000
  Total assets contributed=$100,000
  Goodwill to original partners=$ 20,000

 USCPA官方微信
扫一扫微信,*9时间获取USCPA考试时间提醒,体验全新备考方式
 
高顿网校特别提醒:已经报名2014年USCPA 考试的考生可按照复习计划有效进行!另外,高顿网校2013年USCPA考试辅导高清课程已经开通,通过针对性地讲解、训练、答疑、模考,对学习过程进行全程跟踪、分析、指导,可以帮助考生全面提升备考效果。
 
  报考指南:2014年USCPA报考指南 
  考前冲刺:USCPA 考试试题   考试辅导
  高清网课:USCPA网络课程