Lance Joins the Partnership of Kubek and Musial by Paying

question 125

Multiple Choice

Lance joins the partnership of Kubek and Musial by paying $30,000 in cash. If the net assets of the partnership are still the same amount after Lance has been admitted as a partner, then Lance

• A) must have been admitted by investment of assets.
• B) must have been admitted by purchase of a partner's interest.
• C) must have received a bonus upon being admitted.
• D) could have been admitted by an investment of assets or by a purchase of a partner's interest.

---

Definitions:

Sedentary

Describes a lifestyle with little to no physical activity, often associated with negative health outcomes.

Hospice Patient

An individual receiving hospice care, a type of care designed to provide comfort and palliative care rather than curative treatment, typically in the final phase of a terminal illness.

Acetylcholine

A neurotransmitter and neuromodulator, involved in muscle stimulation, memory formation, and learning.

Muscle Contraction

The process where muscle fibers actively shorten to produce movement or generate force in response to a stimulus.