A Partnership Admits a New Partner

question 57

Multiple Choice

A partnership admits a new partner.The new partner invests $50,000 in the business and receives a credit of $60,000 to his capital account.The difference of $10,000 is called a(n) :

• A)admission fee.
• B)partnership expense.
• C)bonus.
• D)illegal activity.

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Definitions:

Morality Bias

The tendency to make judgments or decisions based on moral considerations, often at the expense of other factors.

Bullying Incidents

Events or actions where an individual or group engages in aggressive or unwanted behavior aimed at harming or intimidating another.

Human Resources

The department within an organization that focuses on recruitment, management, and guidance for the people who work in it.

Hostile Attribution Bias

A cognitive bias in which individuals tend to interpret others’ behaviors as having hostile intent, even when it's ambiguous or benign.