The Partners of Apple, Bere, and Carroll LLP Share Net

question 13

Multiple Choice

The partners of Apple, Bere, and Carroll LLP share net income and losses in a 5:3:2 ratio, respectively. The capital account balances on January 1, 2021, were as follows: The carrying amounts of the assets and liabilities of the partnership are the same as their current fair values. Dorr will be admitted to the partnership with a 20% capital interest and a 20% share of net income and losses in exchange for a cash investment. The amount of cash that Dorr should invest in the partnership is:

• A) $25,000.
• B) $30,000.
• C) $37,500.
• D) $75,000.
• E) $90,000.

Understand how to introduce and highlight product, service, or idea benefits in persuasive messages.

Know methods for making the price of a product or service more acceptable in sales messages.

Apply the concept of the central selling point in persuasive messages.

Comprehend the structure and strategy behind claim and adjustment messages.

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Definitions:

Gender Identity

An individual's personal sense of their own gender, which may or may not correspond to the sex they were assigned at birth.

Social Dimensions

Aspects or factors of social life that influence and shape human behavior and interactions, including culture, institutions, and social structures.

Play

Engaging in activities for enjoyment and recreation rather than a serious or practical purpose, especially characteristic of children.

Gender Differences

The distinctions in characteristics, behavior, and roles traditionally associated with being male or female, influenced by social, cultural, and psychological factors.