Question: Please explain how you do this? RD formed a partnership on February 10, 20X9. R contributed cash of $150,000, while D contributed inventory with a
Please explain how you do this?
RD formed a partnership on February 10, 20X9. R contributed cash of $150,000, while D contributed inventory with a fair value of $120,000. Due to R's expertise in selling, D agreed that R should have 60 percent of the total capital of the partnership. R and D agreed to recognize goodwill. What is the total capital of the RD partnership and the capital balance of R after the goodwill is recognized?
|
| Total Capital | R, Capital |
| |||||
| A) | $ | 450,000 |
| $ | 270,000 |
| ||
| B) | $ | 330,000 |
| $ | 198,000 |
| ||
| C) | $ | 300,000 |
| $ | 180,000 |
| ||
| D) | $ | 270,000 |
| $ | 162,000 |
| ||
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