Which of the Following Is True About Charging a Partner's

question 42

Multiple Choice

Which of the following is true about charging a partner's capital account during distribution?

• A)Losses from sale of partnership assets during winding up are not charged against a partner's capital account.
• B)Partners are given the gross amount existing in their capital accounts.
• C)On account of negative balance in a partner's account,other partners are under no obligation to contribute to set off the shortage.
• D)If partnership creditors cannot be paid from the partnership assets,the creditors may proceed against the partners' capital accounts.

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Definitions:

Neuron

A nerve cell; it carries nerve impulses between the brain or spinal cord and other parts of the body.

Nerve Fibers

Long, slender projections of nerve cells that transmit electrical impulses to different parts of the body.

Cerebrum

The most sizable region of the brain, tasked with controlling voluntary movement, visual perception, speaking, taste sensations, auditory experiences, thinking, and memory retention.

Sulci

Grooves or furrows on the surface of the brain, separating adjacent gyri.