Mace and Bowen Are Partners and Share Equally in Income

question 100

Multiple Choice

Mace and Bowen are partners and share equally in income or loss.Mace's current capital balance is $135,000 and Bowen's is $120,000.Mace and Bowen agree to accept Kent with a 30% interest in the partnership.Kent invests $115,000 in the partnership.The amount credited to Kent's capital account is:

• A)$111,000.
• B)$115,000.
• C)$92,500.
• D)$120,000.
• E)$119,000.

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Definitions:

Neurons

Specialized cells transmitting nerve impulses; the fundamental units of the brain and nervous system.

Stem Cells

Undifferentiated cells capable of giving rise to various other types of cells with specific functions.

Motor Neurons

Nerve cells that transmit signals from the brain and spinal cord to muscles, facilitating movement.

Sensory Neurons

Neurons that transmit sensory information from the body to the central nervous system, allowing for perceptions like sight, sound, and touch.