The Balance Sheet of Ryan, James and Peter Firm as on December

question 11

Multiple Choice

The balance sheet of Ryan, James and Peter firm as on December 31, 2014, is given below. Ryan, Peter, and James share profits in the ratio 3:2:1. They have decided to liquidate the partnership with immediate effect. The furniture and the equipment were sold at a cumulative loss of $6,000. The accounts receivable were duly received in cash and the other assets were written off as worthless. The accounts payable and other liabilities were paid off at book value. James argued that he should receive a portion of the remaining cash, but Peter and Ryan argued otherwise. How much cash should James receive or pay?

• A)He should receive $2,500.
• B)He should not receive or pay any money.
• C)He should pay $7,500.
• D)He should pay $500.

Understand the essence and various theories of caring in nursing, including Watson's Transpersonal Theory and Leininger's Transcultural View.

Recognize the importance of listening to patients' stories to provide patient-centered care.

Appreciate the uniqueness of each patient's background in delivering personalized care.

Identify specific activities that demonstrate the caring role of a nurse.