Fontaine and Monroe Are Forming a Partnership

question 2

Multiple Choice

Fontaine and Monroe are forming a partnership. Fontaine invests a building that has a market value of $250,000; the partnership assumes responsibility for a $75,000 note secured by a mortgage on the property. Monroe invests $100,000 in cash and equipment that has a market value of $55,000. For the partnership, the amounts recorded for Fontaine's Capital account and for Monroe's Capital account are:

• A) Fontaine, Capital $175,000; Monroe, Capital $45,000.
• B) Fontaine, Capital $0; Monroe, Capital $100,000.
• C) Fontaine, Capital $250,000; Monroe, Capital $100,000.
• D) Fontaine, Capital $250,000; Monroe, Capital $155,000.
• E) Fontaine, Capital $175,000; Monroe, Capital $155,000.

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Definitions:

Sociocultural Approach

Approach to psychopathology focusing on the role of the environment, stress, and culture in producing psychopathology.

Anxiety Disorders

A category of mental health disorders characterized by significant fear and anxiety that impair daily functioning.

Cultural Values

The set of beliefs, practices, customs, and norms that characterize a particular society or community, guiding behavior and interactions.

Hypothalamus

A region of the brain responsible for producing hormones that control body temperature, hunger, moods, and the release of hormones from many glands, particularly the pituitary gland.