Benson Is a Partner in B&D Company

question 35

True/False

Benson is a partner in B&D Company. Benson's share of the partnership income is $18,600 and her average partnership equity is $155,000. Her partner return on equity equals 8.33.

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Definitions:

Anticline

A type of fold in sedimentary strata that resembles an arch, with the oldest beds at its core.

Syncline

A fold in sedimentary strata that resembles a trough, where the youngest rocks are at the core of the fold.

Crust Thickness

The measure of the depth or the vertical extent of the Earth's crust, varying between oceanic and continental regions.

Rule of Thumb

A widely used guideline or principle that is not strictly accurate or reliable for every situation but provides a good general estimate.