Farrell and Jimmy Enter into a Partnership Agreement on May $$\begin{array} { | c | r | r | } \hline \text { Farrell, Capital } & 45,000 & \\\hline \text { Jimmy, Capital } & & 45,000 \\\hline\end{array}$$

question 29

Multiple Choice

Farrell and Jimmy enter into a partnership agreement on May 1, 2015. Farrell contributes $50,000 and Jimmy contributes $150,000 as their capital contributions. They decide to share profits and losses in the ratio of their respective capital account balances. The net income for the year ended December 31, 2015 is $60,000. Which of the following is the correct journal entry to record the allocation of profit?

• A) \[\begin{array} { | c | r | r | }
• \hline \text { Farrell, Capital } & 45,000 & \\
• \hline \text { Jimmy, Capital } & & 45,000 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | c | r | r | }
• \hline \text { Income Summary } & 60,000 & \\
• \hline \text { Farrell, Capital } & & 15,000 \\
• \hline \text { Jimmy, Capital } & & 45,000 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | c | r | r | }
• \hline \text { Farrell, Capital } & 15,000 & \\
• \hline \text { immy, Capital } & 45,000 & \\
• \hline \text { Income Summary } & & 60,000 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | c | r | r | }
• \hline \text { Income Summary } & 30,000 & \\
• \hline \text { Farrell, Capital } & 15,000 & \\
• \hline \text { Jimmy, Capital } & & 45,000 \\
• \hline
• \end{array}\]

Identify the roles of spacers in the CRISPR-CAS9 system.

Understand the concept of RNA interference (RNAi) and its advantages over antisense RNA in gene expression manipulation.

Analyze the use and significance of DNA microarrays in studying gene expression patterns across different conditions.

Determine the effects of specific genes on phenotypic traits such as color, growth, and fertility using CRISPR technology.

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Definitions:

Genetic Test Results

The information obtained from analyzing DNA to identify genetic disorders, susceptibility to diseases, or traits inherited.

Beneficence

The ethical principle that involves acting in the best interest of others, promoting good and preventing harm.

Beneficence

The ethical principle of acting in the best interest of others, promoting good and preventing harm.

Veracity

The adherence to the truth; a fundamental principle in ethics focusing on honesty and accuracy.