The Balance Sheet of Ryan and Peter Firm as on December

question 22

Multiple Choice

The balance sheet of Ryan and Peter firm as on December 31, 2014, is given below. Ryan and Peter share profits in the ratio 3:2. They have decided to liquidate the partnership with immediate effect. The accounts payable were settled at $12,000 due to the poor financial condition of the partnership firm. As a result, Ryan's capital account will be credited by:

• A)$7,200.
• B)$9,000.
• C)$1,800.
• D)$3,000.

Comprehend the impact of federal and state laws on the shaping and activities of the HR department.

Recognize the role and establishment of labor relations within HR and its relationship with labor unions.

Identify the reasons for the renaming of the personnel department to human resources and the impact on the department's image.

Understand the significance of outsourcing certain HR functions like payroll.

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Definitions:

Epigenetics

The examination of variations in living beings resulting from changes in gene expression, rather than modifications to the genetic sequence itself.

Identical Twins

Twins that result from a single fertilized egg splitting and developing into two genetically identical individuals.

Fertilization

The process in sexual reproduction where a sperm cell merges with an egg cell, forming a zygote that can develop into a new organism.

Egg Cell

The female gamete or reproductive cell involved in sexual reproduction, which when fertilized by a sperm, develops into a new organism.