The Following Balance Sheet Information Is for the Partnership of Abel

question 38

Multiple Choice

The following balance sheet information is for the partnership of Abel, Boule, and Cayman: Figures shown parenthetically reflect agreed profit and loss sharing percentages.
If assets on the initial balance sheet are fairly valued, Abele and Boule consent and Dann pays Cayman $225,000 for his interest; the revised capital balances of the partners would be

• A)Abele, $315,000; Boule, $495,000; Dann, $450,000.
• B)Abele, $315,000; Boule, $495,000; Dann, $420,000.
• C)Abele, $300,000; Boule, $570,000; Dann, $450,000.
• D)Abele, $300,000; Boule, $480,000; Dann, $420,000.

Recognize the three elements of emotions and theories explaining their occurrence.

Identify physical and psychological symptoms of bulimia nervosa and anorexia nervosa.

Comprehend methods and strategies for healthy weight loss and weight maintenance.

Grasp the difference between behavioral, physical, cognitive, and psychological components of emotions.

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Definitions:

Reward

Something given in recognition of service, effort, or achievement.

Upward Social Comparison

The process of comparing oneself with others who are perceived to be better off or more successful, which can affect self-esteem and motivation.

Motivates

The actions or processes that stimulate someone to act towards achieving a goal or satisfying a need or desire.

Financial Situation

The current state of an individual's or organization's money management, including assets, liabilities, income, and expenses.