Maxwell and Smart Are Forming a Partnership

question 29

Multiple Choice

Maxwell and Smart are forming a partnership. Maxwell is investing a building that has a market value of $180,000. However, the building carries a $56,000 mortgage that will be assumed by the partnership. Smart is investing $120,000 cash. The balance of Maxwell's Capital account will be:

• A) $56,000.
• B) $180,000.
• C) $60,000.
• D) $64,000.
• E) $124,000.

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Definitions:

Brain Stem

The part of the brain connecting the spinal cord with the forebrain and cerebrum, controlling basic life functions.

Medulla

The lower part of the brainstem, controlling vital autonomic functions such as heart rate, breathing, and blood pressure.

Pons

A part of the brain located in the brainstem that is involved in regulating breathing, communication between different parts of the brain, and sensations such as hearing, taste, and balance.

Electroencephalogram (EEG)

A test that detects electrical activity in your brain using small, flat metal discs (electrodes) attached to the scalp.