Anna and Naomi Are Partners

question 140

Multiple Choice

Anna and Naomi are partners. Anna has a capital balance of $50,000 and Naomi has a capital balance of $40,000. Gary invested $30,000 to acquire an ownership interest of $20,000. Which of the following is true of the partnership journal entry to record the receipt of Gary's contribution? (Assume the existing partners equally divide the bonus)

• A)Cash is debited for $30,000 and Gary, Capital is credited for $20,000.
• B)Cash is debited for $20,000 and Gary, Capital is credited for $20,000.
• C)Cash is credited for $30,000 and Gary, Capital is debited for $20,000.
• D)Cash is credited for $20,000 and Gary, Capital is debited for $20,000.

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Definitions:

MHC Class II

Molecules found on the surface of certain immune cells that are involved in the immune system's ability to recognise and respond to foreign particles.

Helper T Cells

A type of T cell that plays a crucial role in the immune system by activating other immune cells to fight against infections.

Autoimmune Disease

Disorders caused by the immune system mistakenly attacking the body's own cells, tissues, and organs.

MHC Proteins

Major histocompatibility complex proteins; cell surface proteins important for the immune system to recognize foreign molecules in vertebrates.