Table 12-11 Doug, Davis, and Dwight Are in the Process$\text { Total assets }\quad\$325,000\quad\quad\quad \text { Total liabilities and capital }\quad\$325,000$

The Answer of Table 12-11 Doug, Davis, and Dwight Are in the Process$\text { Total assets }\quad\$325,000\quad\quad\quad \text { Total liabilities and capital }\quad\$325,000$

Table 12-11 Doug, Davis, and Dwight Are in the Process$\text { Total assets }\quad\$325,000\quad\quad\quad \text { Total liabilities and capital }\quad\$325,000$

The Answer of Table 12-11 Doug, Davis, and Dwight Are in the Process$\text { Total assets }\quad\$325,000\quad\quad\quad \text { Total liabilities and capital }\quad\$325,000$

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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:

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Definitions:

Rung

A level or step in a ladder logic diagram or PLC programming, representing a basic control element or condition.

Bit Level Instructions

Operations that manipulate individual bits within a byte or word in computer programming or digital logic.

Addresses

In computing, addresses refer to specific locations in memory or storage where data is stored, allowing for precise access and manipulation of data by the system or the users.

CLX

Often relates to ControlLogix, a range of programmable logic controllers (PLCs) and systems designed by Rockwell Automation for industrial automation.