Use the Following Information to Answer the Question(s)below

question 2

Multiple Choice

Use the following information to answer the question(s) below.
On June 30,2011,the Able,Baker,and Charlie partnership had the following fiscal year-end balance sheet:
The percentages shown are the residual profit and loss sharing ratios.The partners dissolved the partnership on July 1,2011,and began the liquidation process.During July the following events occurred:
* Receivables of $6,000 were collected.
* All inventory was sold for $8,000.
* All available cash was distributed on July 31,except for
$4,000 that was set aside for contingent expenses.
-The book value of the partnership equity (i.e. ,total equity of the partners) on June 30,2011 is

• A)$ 58,000.
• B)$ 60,000.
• C)$ 84,000.
• D)$120,000.

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Definitions:

Perineal Area

The region between the anus and the genitals, which is important for maintaining cleanliness to prevent infection.

Double-Voided Urine

A method of urine collection where the patient is asked to urinate, wait for a period, and then urinate again into a collection device to obtain a sample that is more concentrated with metabolic byproducts.

Self-Catheterize

The practice of inserting a catheter into the bladder oneself to empty it of urine, often necessary due to medical conditions that prevent natural voiding.

Stool Specimen

A sample of feces collected for medical testing to diagnose conditions affecting the digestive tract.