In the AD Partnership, Allen's Capital Is $140,000 and Daniel's

question 47

Multiple Choice

In the AD partnership, Allen's capital is $140,000 and Daniel's is $40,000 and they share income in a 3:1 ratio, respectively. They decide to admit David to the partnership. Each of the following question is independent of the others.
Refer to the information provided above. David invests $40,000 for a one-fifth interest in the total capital of $220,000. The journal to record David's admission into the partnership will include:

• A) a credit to Cash for $40,000.
• B) a debit to Allen, Capital for $3,000.
• C) a credit to David, Capital for $40,000.
• D) a credit to Daniel, Capital for $1,000.

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Definitions:

Disorganized Attachment

A type of attachment pattern observed in children, characterized by a lack of consistent strategies in dealing with the stress of separation from and reunion with their caregivers, often resulting from trauma or abuse.

Strange Situation

A procedure developed by Mary Ainsworth to assess attachment styles in children by observing their behavior when separated and reunited with their caregiver.

Avoidant

A term used to describe a pattern of behavior characterized by a desire to evade or escape from certain activities, situations, or interpersonal interactions.

Resistant

Refers to the ability to withstand or oppose a particular force or condition.