Partners Brian,Josh,and Chad Have Average Capital Balances of $7,000,$3,000,and $90,000,respectively

question 107

Multiple Choice

Partners Brian,Josh,and Chad have average capital balances of $7,000,$3,000,and $90,000,respectively.Net income for the year is $12,000.Salary allowances are $14,000 for Brian and $5,000 for Josh.Chad gets 10% interest on his capital balance with the remainder being divided at a 1:1:2 ratio.What is Brian's capital balance after distributing the net income?

• A)$17,000 credit balance
• B)$3,000 debit balance
• C)$10,000 debit balance
• D)$7,000 debit balance

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Definitions:

Personality Disorder

A type of mental disorder characterized by unhealthy patterns of thinking, functioning, and behaving.

Inner Experience

Refers to the personal, subjective phenomena of an individual's emotional and thought processes.

Outward Behavior

Observable actions or reactions of an individual, as opposed to internal thoughts or feelings.

Odd Cluster

A classification within personality disorders, often referring to a group characterized by eccentric behaviors; includes disorders such as paranoid, schizoid, and schizotypal personality disorders.