A Local Partnership Was in the Process of Liquidating and Reported

question 6

Multiple Choice

A local partnership was in the process of liquidating and reported the following capital balances: $\begin{array}{lc}\text { Justice, capital ( } 40 \% \text { share of all profits and losses) } & \$ 23,000 \\\text { Zobart, capital }(35 \%) & 22,000 \\\text { Douglass, capital }(25 \%) & (14,000) \end{array}$ Douglass indicated that the $14,000 deficit would be covered by a forthcoming contribution. However, the two remaining partners asked to receive the $31,000 that was then in the cash account. How much of this money should Justice receive?

• A)$15,467.
• B)$15,533.
• C)$17,333.
• D)$16,533.
• E)$15,867.

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Definitions:

Psychophysiological Disorders

Physical illnesses that are believed to arise from emotional or mental stressors.

Internal Conflicts

Psychological struggles within an individual resulting from opposing desires, needs, or values.

Consciousness

The state of being awake and aware of one's surroundings, thoughts, feelings, and experiences.

Illness Anxiety Disorder

A chronic condition characterized by excessive worry about having a serious, undiagnosed medical illness despite few or no symptoms.