The AB, BC, and CD Partnerships Merge into the ABCD

question 40

Multiple Choice

The AB, BC, and CD Partnerships merge into the ABCD Partnership. AB (owned by Austin and Ben) contributes assets worth $100,000. BC (owned by Ben and Charlie) contributes assets worth $200,000. CD (owned by Charlie and Dennis) contributes assets worth $300,000. The capital and profits interest in ABCD is owned by: Austin, 10%; Ben, 30%; Charlie, 25%; and Dennis, 35%. ABCD Partnership is a continuation of

• A)AB.
• B)BC.
• C)CD.
• D)none of the partnerships.

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Definitions:

Personal Unconscious

A concept in analytical psychology representing all information that is present within an individual's mind but not currently in conscious awareness.

Sensing

A process in cognitive functioning that involves perceiving physical stimuli through the senses.

Personality Types

Categories used to describe and group individuals according to shared psychological traits, behaviors, and patterns.

Extraverted Sensing

A cognitive function in Jungian psychology that focuses on perceiving external stimuli in the present moment through the five senses.