At the Beginning of This Year, Edmond and Samuel Were

question 31

Multiple Choice

At the beginning of this year, Edmond and Samuel were equal partners in a partnership that uses the calendar year as its tax year. On October 1, this year, Joan contributed $48,000 cash for a one-third interest in the partnership. The interests of both Edmond and Samuel drop to one-third. The partnership reports a $36,000 ordinary loss for the current tax year ending December 31. The loss allocation to Samuel (one of the original partners) is

• A)$12,000.
• B)$13,500.
• C)$16,500.
• D)$18,000.

---

Definitions:

Emotional Learning

The process of acquiring and understanding emotions, and the ability to recognize and manage one's own and others' emotions.

Seligman

Martin Seligman, a psychologist renowned for his work on the theory of learned helplessness, positive psychology, and well-being.

Classical Conditioning

A learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus.

Modeling

The process of learning behaviors, attitudes, and values by observing and imitating others, particularly influential figures.