please answer all the questions immediately thankyou

3 Statement 1: When a partner sells an interest to a new partner at an amount that exceeds the carrying amount of the equity sold, the difference is recognized as a personal gain of the selling partner from the transaction. Statement II: The amount of net assets invested of a new partner into an existing partnership is not always equal to the amount credited to his capital account. (2 Points) E. O True, true O False false True, false False.true 5 Statement 1: If the capital credited to the partner is greater than the capital contributed by the new partner to the partnership and assuming all assets are fairly valued, there is a bonus coming from the old partners that will be given to the new partner. Statement II : If there are undervalued assets in the partnership, the amounts undervaluation only has an effect to the capital of the old partners. (2 Points) True true O False false True false False true 24 Statement l: If the total implied capital is greater than the total actual contribution, there is an overvaluation of assets. Statement II : In admission of a new partner thru purchase of interest, if the purchase price is greater than the capital credited to the new partner, gain is always recognized in the partnership books. m (2 points) O True, true False false True false False, true