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The Balance Sheet of Ryan and Peter Firm as on December

question 72

Multiple Choice

The balance sheet of Ryan and Peter firm as on December 31, 2014, is given below. 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 furniture and the equipment were sold at a cumulative loss of $55,000. The accounts receivable were duly received in cash and the other assets were written off as worthless. The cash balance remaining to pay the liabilities is: A) $15,000. B) $92,000. C) $37,000. D) $40,000. Ryan and Peter share profits in the ratio 3:2. They have decided to liquidate the partnership with immediate effect. The furniture and the equipment were sold at a cumulative loss of $55,000. The accounts receivable were duly received in cash and the other assets were written off as worthless. The cash balance remaining to pay the liabilities is:

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Definitions:

Anima and Animus

Concepts in Jungian psychology representing the feminine inner personality in men (anima) and the masculine inner personality in women (animus).

Light and Dark Selves

a concept in psychology referring to the acknowledged and unacknowledged parts of one's personality, including traits, desires, and motivations.

Object Relations Theory

A psychoanalytic theory that emphasizes the importance of early relationships, particularly between a child and caregivers, in shaping personality and behavior.

Conscious and Unconscious

Refers to the levels of awareness in the human mind, where the conscious involves all thoughts and actions within our awareness, and the unconscious houses deep-seated desires and memories beyond our conscious perception.

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