Solved: In the rst partnership rons capital is 80000 stellas is, Accounting Basics

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In the rst partnership rons capital is 80000 stellas is

Question - In the RST partnership, Ron's capital is $80,000, Stella's is $75,000, and Tiffany's is $50,000. They share income in a 3:2:1 ratio, respectively. Tiffany is retiring from the partnership. Each of the following question is independent of the others. Refer to the above information. Tiffany is paid $56,000, and all implied goodwill is recorded. What is the total amount of goodwill recorded?

A. $0

B. $6,000

C. $30,000

D. $36,000

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Accounting Basics: In the rst partnership rons capital is 80000 stellas is

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