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What amount of goodwill will be recorded

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Question - In the ABC partnership (to which Daniel seeks admittance), the capital balances of Alber, Bert, and Connell, who share income in the ratio of 5:3:2 are:

Alber $500,000

Bert $300,000

Conell $200,000

Based on the preceding information, what amount of goodwill will be recorded if Daniel invests $450,000 for a one-third interest?

A. 0

B. 10,000

C. 50,000

D. 100,000

Reference no: EM131782776

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