The Allen, Bevell, and Carter Partnership Began the Process of Liquidation

question 3

Multiple Choice

The Allen, Bevell, and Carter partnership began the process of liquidation with the following balance sheet: Allen, Bevell, and Carter share profits and losses in a ratio of 3:2:5. Liquidation expenses are expected to be $14,000.Assuming that, after the payment of liquidation expenses in the amount of $14,000 was made and the noncash assets were sold, if Carter has a deficit of $10,000, for what amount would the noncash assets have been sold?

• A)$174,000.
• B)$188,000.
• C)$160,000.
• D)$146,000.
• E)$185,000.

---

Definitions:

Sensory Information

The data received by the senses (sight, hearing, touch, taste, and smell) which is then processed by the brain.

Mental Process

The operations of the mind, including perception, memory, thinking, and problem-solving, that are involved in the acquisition, manipulation, storage, and retrieval of information.

Just Noticeable Difference

The minimal change in a stimulus that can just barely be detected by an organism.

Detection Paradigm

The detection paradigm is a method in psychological research focusing on the ability of subjects to detect a stimulus under different conditions to study perception and cognition.