question_answer

X and Y are partners. They have provided following information on the admission of a new partner Z. Total assets = 16,00,000 and Outside liabilities = 5,00,000; Total assets include : Goodwill (Given in balance sheet) = 50,000; Miscellaneous expenditure = 10,000; Preliminary expense = 40,000; Trade investment = 1 00,000. Capital Employed of the firm will be:

A) 11,00,000

B) 9,00,000 

C) 12,00,000

D) 10,00,000