In the computation of a partner's Loss Absorption Power (LAP) , the individual partner's capital balance and profit-and-loss percentage are used in which of the following ways? 
Definitions:
Gain On Sale
The profit that is realized from the sale of an asset or investment, which exceeds the purchase price.
Interest Expense
The expenditure on borrowed funds that an entity bears over a certain period.
Purchase Returns And Allowances
Transactions where a buyer returns goods to the seller or receives a reduction in the purchase price for unsatisfactory goods.
Purchase Discounts
Reductions in price granted by suppliers to buyers for prompt payment or purchase volume.
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