Question - In the ABC partnership (to which Daniel seeks admittance), the capital balances of Alber, Bert, and Connell, who share income in the ratio of 5:3:2 are:
Alber $500,000
Bert $300,000
Conell $200,000
Based on the preceding information, what amount of goodwill will be recorded if Daniel invests $450,000 for a one-third interest?
A. 0
B. 10,000
C. 50,000
D. 100,000