P, L, and O Are Partners with Capital Balances of $50,000

question 36

Multiple Choice

P, L, and O are partners with capital balances of $50,000, $30,000 and $20,000 and who share in the profit and loss of the PLO partnership 30%, 20%, and 50%, respectively, when they agree to admit C for a 20% interest.If C is to contribute an amount equal to his book value share of the new partnership, how much should C contribute?

• A) $22,000
• B) $20,000
• C) $25,000
• D) $18,000
• E) $10,000

Identify proofreading techniques and their effectiveness.

Understand the professional standards and expectations for proofreading.

Recognize the importance of time allocation in proofreading based on the complexity of the document.

Identify missing elements and errors in documents, including design and format issues.

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Definitions:

Rewards

Benefits, recognition, or compensation provided to an individual or group for achieving certain objectives or performing well.

Job Performance

The measure of how effectively an individual performs their tasks and responsibilities at work.

Leaders Credibility

The degree to which leaders are perceived as trustworthy and competent by their followers or employees, critical for effective leadership.

Actions

Specific steps or measures taken to achieve a particular goal or objective.