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