Cox,North,and Lee Form a Partnership

question 9

Multiple Choice

Cox,North,and Lee form a partnership.Cox contributes $180,000,North contributes $150,000,and Lee contributes $270,000.Their partnership agreement calls for the income or loss division to be based on the ratio of capital invested.If the partnership reports income of $150,000 for its first year,what amount of income is credited to Cox's capital account?

• A)$50,000.
• B)$64,286.
• C)$45,000.
• D)$36,000.
• E)$60,000.

---

Definitions:

Anxious Attachment

A type of attachment characterized by intense worry about being abandoned and a desire to be close to others, often resulting in clingy or dependent behavior.

Romance

A feeling of excitement and mystery associated with love, often involving a romantic relationship between people.

Insecurely Attached

Insecurely attached refers to a type of attachment style where individuals have difficulty forming secure and trusting relationships, often due to inconsistent caregiving in early life.

Narcissism

A personality trait characterized by an inflated sense of self-importance, a deep need for excessive attention and admiration, and a lack of empathy for others.