If A's Share of Net Income Is $25,000 and B's

question 154

Multiple Choice

If A's share of net income is $25,000 and B's share of net income is $40,000,the closing entry would involve a:

• A) credit to A's capital account for $40,000
• B) credit to B's capital account for $25,000
• C) debit to A's capital account for $25,000
• D) debit to Income Summary for $65,000

---

Definitions:

Health Problems

Issues or conditions that negatively impact an individual's physical, mental, or emotional well-being.

Seligman

A psychologist known for his work on positive psychology, learned helplessness, and well-being.

Optimistic

Having a positive outlook or expectation about the future, believing that good things will happen.

Explanatory Style

A psychological attribute that indicates how people explain to themselves why they experience a particular event, either positive or negative.