Question: U Use the following information for the next FIVE Items The following facts were available about the XY Partnership on January 1 2021 Percentage Interest
U Use the following information for the next FIVE Items The following facts were available about the XY Partnership on January 1 2021 Percentage Interest in Existing Partners Capital Balance Capital Profit $70,000 35% 25% Y 130,000 65 75 On that date, Partner Z was admitted and acquired a 30 percent interest in the partnership capital and profit and losses. Answer the following independent cases about the admission of Partner 3 pts Question 4 Assume that Partner Z transferred to the Partnership assets with a fair value of $99,155. What would be the amount of goodwill traceable to the original partners X and Y? (Round to the nearest dollar)
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