3. If Petersen were to sell half of his interest in the partnership to Jacobsen and half to Olsen, why might the value of the two halves not be the same? 4. If Petersen were to sell one-half of his...

3. If Petersen were to sell half of his interest in the partnership to Jacobsen and half to Olsen, why might the value of the two halves not be the same?

4. If Petersen were to sell one-half of his interest to the partnership for $60,000, what would his new capital balance be after the sale? Assume that all previously recognized net assets are recorded at their market values but that only the goodwill traceable to Petersen’s partial sale of an interest is recognized.