Edwin and Darren Have Decided to Form a Partnership

question 3

Multiple Choice

Edwin and Darren have decided to form a partnership. Edwin contributes $80,000 cash and merchandise inventory with a current market value of $20,000. Darren contributes $2,100 cash and office furniture with a current market value of $2,800. While journalizing this transaction:

• A)Office Furniture will be debited for $1,120.
• B)Office Furniture will be credited for $2,800.
• C)Office Furniture will be debited for $2,800.
• D)Office Furniture will be credited for $1,120.

Understand the impact of racial discrimination on African-American soldiers during World War Two.

Identify key figures and their roles in race relations and black employment during World War Two.

Analyze the effects of government policies on racial integration and employment during World War Two.

Recognize the contributions of African-American soldiers and workers to the United States' World War Two effort.

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Definitions:

Gross Profit

The financial metric that represents the difference between sales revenue and the cost of goods sold, before deducting overheads, payroll, taxation, and interest payments.

Profit Center

A branch or division of a company that is treated as a separate entity for the purpose of calculating its profitability.

Profit Center

A division or segment of a company that is directly responsible for generating its own revenue and profit through its activities.

Cost Center

A department or segment of a business that does not directly generate revenue but incurs costs, focusing instead on controlling expenses.