"In IAB Co., capital balances are Mohd $50,000 and Hani $70,000. The partners share income equally. Ziad is admitted to the firm with a 40% interest by an investment of cash of $80,000.according to the Goodwill method, Hani s capital balance after recording the admission of Ziad is" 50000 68000 80000 70000 O O O O

"In IAB Co., capital balances are Mohd $50,000 and Hani $70,000. The partners share income equally. Ziad is admitted to the firm with a 40% interest by an investment of cash of $80,000.according to the Goodwill method, Hani s capital balance after recording the admission of Ziad is" 50000 68000 80000 70000 O O O O

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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