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Estimate the goodwill traceable to the incoming partner is

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Assume that the capital of an existing partnership is 90,000 and all existing assets reflect fair market values. If an incoming partner acquires a 40% interest in the partnership for 55,000, the goodwill traceable to the incoming partner is?

The response paper should be in APA format, double spaced, hand-written, numbered pages, with a cover page and references.

Reference no: EM132319576

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