Five Friends {Alice, Bob, Cathy, Dave, and Earl} Have Decided

question 15

Multiple Choice

Five friends {Alice, Bob, Cathy, Dave, and Earl} have decided to divide up a multi-flavored cake
which was jointly purchased for $30 using the Lone-Divider Method. The cake is divided into five
pieces {s1 2 3 4 5 , , , , and s s s s } . The following table gives the dollar value of each of the slices according
to each of the five friends

Which of the five slices are considered fair shares according to Bob?
-According to the scenario above, which player is the divider?

• A) Alice
• B) Bob
• C) Cathy
• D) Dave
• E) Earl

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Definitions:

Journal Entry

A record in accounting that notes the details of a financial transaction, showing which accounts are affected and by what amounts.

Ledger

A book or database in which financial transactions are recorded systematically.

Source Documents

Original records that provide evidence that a transaction has occurred, such as receipts, invoices, checks, or bank statements.

Unearned Revenue

Money received by a business for goods or services yet to be provided; it is recorded as a liability until the goods or services are delivered.