Table 12-11
Doug, Davis, and Dwight Are in the Process

question 159

Multiple Choice

Table 12-11
Doug, Davis, and Dwight are in the process of liquidating their partnership. They share profits and losses in a 5:3:2 ratio. Following is the current balance sheet for the partnership:
$\begin{array}{lcll}\text { Cash } & \$ 100,000 & \text { Liabilities } & \$ 55,000 \\\text { Other assets } & 225,000 & \text { Doug, canital } & 145,000\\&&\text { Davis, capital } & 50,000 \\&&\text { Dwight, capital } & 75,000\end{array}$ $\text { Total assets }\quad\$325,000\quad\quad\quad \text { Total liabilities and capital }\quad\$325,000$
-Refer to Table 12-11.If the total amount of cash to be distributed to the partners is $225,000,then the entry to record the payment and to close the capital accounts would include a:

• A) debit to Doug, Capital of $145,000
• B) credit to cash of $225,000
• C) debit to Davis, Capital of $145,000
• D) debit to Dwight, Capital of $145,000

Grasp the importance of cultural adaptation and sensitivity in international business practices.

Understand emotional intelligence's role in successful international assignments.

Identify strategies for developing effective multicultural workforces.

Analyze how diversity impacts leadership and organizational culture.

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