Partnership Retirement Adjustment

Steps:

• Identify profit-sharing ratio: L:N = 3:1.
• Note M's retirement, but details on adjustments or new ratios are absent.
• Assess impact on capital or goodwill without full problem statement.
• Conclude inability to select option due to incomplete data.

Why A is correct:

• Not enough information to verify, as question cuts off before choices and full scenario.

Why the others are wrong:

• B: Lacks supporting details for alternative calculation.
• C: Insufficient context to rule out.
• D: No basis for dismissal without complete problem.

Final answer: Not enough information.