If A is the total capital of a partnership before the admission of a new partner, B is the total capital of the partnership after the admission of the new partner, C is the amount of the new partner's investment, and D is the amount of capital credited to the new partner, then there is:
A. neither bonus nor goodwill if B > (A + C) and D > C.
B. goodwill to the new partner if B > (A + C) and D < C.
C. goodwill to the old partners if B = A + C and D > C.
D. a bonus to the new partner if B = A + C and D > C.
Answer: D
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