The Balance Sheet of Ryan and Peter Firm as on December

question 55

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 furniture and the equipment were sold at a cumulative loss of $5,000. 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. The firm's accountant distributed the remaining cash between Ryan and Peter equally. However, Peter initiated a lawsuit claiming that his share was greater than Ryan's. How much should Peter have received?

• A)$23,500
• B)$22,200
• C)$24,800
• D)$27,200

Recognize the role of semantics in communication challenges.

Understand the impact of cultural differences on communication barriers.

Identify the effects of communication patterns on interpersonal relationships.

Understand the role of impression management in interpersonal communication.

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Definitions:

Automatic Task

A task performed with little or no conscious effort or control, often because it has been practiced to the point of automatization.

Dictation Practice

An educational activity involving the speaking of words or sentences for someone else to write down, aimed at improving writing, typing, or language learning skills.

Attentional Capture

A phenomenon where an individual’s attention is involuntarily drawn towards a particular stimulus, often due to its novelty or salience.

Involuntary Shift

An automatic redirection of attention that occurs without the individual's intentional control, often in response to a novel or significant event.