Masters,Hardy,and Rowen Are Dissolving Their Partnership

question 101

Multiple Choice

Masters,Hardy,and Rowen are dissolving their partnership.Their partnership agreement allocates income and losses equally among the partners.The current period's ending capital account balances are Masters,$15,000;Hardy,$15,000;Rowen,$(2,000) .After all the assets are sold and liabilities are paid,but before any contributions to cover any deficiencies,there is $28,000 in cash to be distributed.Rowen pays $2,000 to cover the deficiency in his account.The general journal entry to record the final distribution would be:

• A)Debit Masters,Capital $15,000;debit Hardy,Capital $15,000;credit Cash $30,000.
• B)Debit Masters,Capital $14,000;debit Hardy,Capital $14,000;credit Cash $28,000.
• C)Debit Masters,Capital $15,000;debit Hardy,Capital $15,000;credit Rowen,Capital $2,000;credit Cash $28,000.
• D)Debit Cash $28,000;debit Rowen,Capital $2,000;credit Masters,Capital $15,000;credit Hardy,Capital $15,000.
• E)Debit Masters,Capital $9,334;debit Hardy,Capital $9,333;debit Rowen,Capital $9,333;credit Cash $28,000.

Understand the concept of primary and secondary immune responses, including memory cell function.

Describe the mechanisms of immunological tolerance and the implications of its failure.

Identify methods and principles of vaccination and immunization.

Recognize the immune system’s role in organ transplantation and the concept of MHC compatibility.

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Definitions:

Planning

A process of setting objectives and determining the actions required to achieve these goals.

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A mental process involving analysis and resolution of obstacles or challenges by identifying solutions.

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Challenges and issues that arise in the day-to-day tasks and activities of running a business or organization.

Taxonomies

Systems of classification that organize concepts, objects, or phenomena into categories and subcategories based on shared characteristics.