The Partnership Shows the Following Capital Balances at the Date

question 78

Multiple Choice

The partnership shows the following capital balances at the date of Bohme's withdrawal: Lennon,$252,000,Bohme,$114,000,and Starr,$114,000.The partners (Lennon,Bohme,and Harrington) share income and loss equally.Bohme withdraws and is paid $122,000 of cash.How would the partnership record the withdrawal of Bohme?

• A)Debit Cash for $122,000 and credit Bohme,Capital for $122,000.
• B)Debit Bohme,Capital for $122,000 and credit Cash for $122,000.
• C)Debit Lennon,Capital for $4,000,debit Starr,Capital for $4,000,debit Bohme,Capital for $114,000 and credit Cash for $122,000.
• D)Debit Lennon,Capital for $57,000,debit Starr,Capital for $57,000,and credit Bohme,Capital for $114,000.
• E)Debit Bohme,Capital for $114,000,credit Lennon,Capital for $57,000,and credit Starr,Capital for $57,000.

---

Definitions:

Heroin Addiction

A severe substance use disorder characterized by the compulsive use of heroin, leading to significant health, social, and economic consequences.

Methadone

A synthetic opioid used as a pain reliever and as part of drug addiction detoxification and maintenance programs.

LSD

Lysergic acid diethylamide, a powerful psychoactive drug known for its psychological effects, which can include altered thinking processes and visual hallucinations.

Hypnagogic Hallucination

Vivid sensory experiences that occur during the transition from wakefulness to sleep, often involving visual, auditory, or tactile sensations.