AICPA每日一练之FAR【2016-3-11】

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Eagle and Falk are partners with capital balances of $45,000 and $25,000, respectively. They agree to admit Robb as a partner. After ther 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

Answer:D

Choice “d” is correct, $20,000.

Robb’s investment:

25% of total capital = $30,000

Calculate total capital $30,000/0.25

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

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