A Level Accounting (9706)•9706/12/M/J/22

Explanation
Partnership admission adjustments require new profit-sharing details Steps:
- Tangible assets reduced by 10,000 each).
- Goodwill valued at $20,000 but not retained implies an adjustment to old partners' capitals, typically crediting them in old ratio then handling via new partner's contribution or write-off.
- Without Zee's profit share or contribution amount, goodwill adjustment (credit to Noor minus any write-off share) cannot be quantified.
- Net effect on Noor's capital combines revaluation loss and unresolved goodwill impact.
Not enough information.
Final answer: Not enough information.
Topic: Business acquisition and merger
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