McCartney,Harris,and Hussin Are Dissolving Their Partnership

question 102

Multiple Choice

McCartney,Harris,and Hussin are dissolving their partnership.Their partnership agreement allocates income and losses equally among the partners.The current period's ending capital account balances are McCartney,$15,000,Harris,$15,000,Hussin,$(2,000) .After all the assets are sold and liabilities are paid,but before any contributions to cover any deficiencies,there is $28,000 in cash to be distributed.Hussin pays $2,000 to cover the deficiency in his account.The general journal entry to record the final distribution would be:

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Definitions:

General-Duty Clause

A provision that mandates employers provide workers with a workplace free from recognized hazards that could cause death or serious harm.

Reasonable Accommodation

Adjustments or modifications provided by an employer to enable employees with disabilities to perform their job functions.

Undue Hardship

A term used to describe significant difficulty or expense incurred by an employer in accommodating an employee's medical or religious needs under laws such as the Americans with Disabilities Act (ADA).

Reasonable Accommodation

Adjustments or modifications provided in a work environment to enable individuals with disabilities to perform their job.