A = The amount of tangible assets contributed by the new partner into the partnership
B = The amount of capital credited to the new partner
C = Total Capital of the partnership before the admission of a new partner
D = Total capital of the partnership after the admission of the new partner
Refer to the above information. Which statement below is correct if a new partner purchases an interest in capital directly from the old partners?
A. C < D
B. C = D
C. C = D and B = A
D. C < D and B = A
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