Ben and Jerry,two Sole Traders Form a Partnership by Combining

question 53

Multiple Choice

Ben and Jerry,two sole traders form a partnership by combining their net assets.
Jerry contributes:
Cost value Fair value
Cash $20 000Accounts receivable $14 000 $12 500
Ben contributes:
Plant $30 000 $25 000
Accumulated depreciation $7000
Bank overdraft $6000
The amount credited to Jerry's capital account is:

• A)$34 000.
• B)$32 500.
• C)$26 500.
• D)$(12 500).

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Definitions:

Blood Pressure

The force that circulating blood exerts against the walls of the arteries during and between heartbeats.

Isometric Exercises

Physical exercises involving the contraction of muscles without significant movement of the joint, aimed at strength training without changing the length of the muscle.

Muscle Strength

The capability of one or more muscles to generate strength when opposing a force.

Range-Of-Motion Exercises

Physical activities designed to move a joint through the full extent of its potential movement to improve or maintain flexibility and reduce stiffness.