A partnership has assets of $210,000 and liabilities of $95,000. The capital information for the current partners is as follows:

Given the above information, respond to each of the following independent fact situations:
1. Assuming new Partner D acquired 20% of Partner B's interest from B for consideration of $15,000, what is Partner B's capital balance after this transaction?
2. Assume that the above assets are understated by $25,000. If new Partner D were to acquire a 30% interest in the partnership by making a contribution of assets to the partnership, what would be the suggested value of the consideration?
3. If the above assets were overstated by $25,000, what amount of consideration should new Partner D convey to the partnership in exchange for a 25% interest in capital, keeping in mind that D would also be acquiring a 30% interest in profits?
4. If new Partner D conveyed assets with a fair market value of $66,000 to the partnership in exchange for a 30% interest in capital and a 25% interest in profits, what would be B's capital balance after the transaction, assuming use of the bonus method?
5. Assume the same facts as item (4) above, except assume use of the goodwill method. What would be B's capital balance after the transaction?
6. Assume that the above recognized assets are understated by $25,000 and new Partner D conveys assets with a fair market value of $70,000 to the partnership in exchange for a 30% interest in capital and a 25% interest in profits, what would be A's capital balance after the transaction, assuming use of the bonus method?
7. Assuming the same facts as item (6) above, what amount of goodwill is suggested by the transaction?
8. Assume the same facts as item (7) above, except that Partner D acquired their interest for $25,000 cash. What amount of goodwill is suggested by the transaction?
9. Assume that Partner B sold their interest to the partnership for $51,000 and that previously recognized assets are understated by $30,000. What would be Partner A's capital balance, assuming use of the goodwill method where goodwill traceable to the entire entity is recognized?

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Partner A Partner B Partner C Profit and oss percentages Capital balances 50% 30% 20% $70,000 $30,000 $15,000