McCartney,Harris,and Hussin Are Dissolving Their Partnership B) C) D) E)

question 26

Multiple Choice

McCartney,Harris,and Hussin are dissolving their partnership.Their partnership agreement allocates each partner 1/3 of all income and losses.The current period's ending capital account balances are McCartney,$13,000; Harris,$13,000; and Hussin,$(2,000) .After all assets are sold and liabilities are paid,there is $24,000 in cash to be distributed.Hussin is unable to pay the deficiency.The journal entry to record the distribution should be:

• A) \[\begin{array} { | l | c | c | }
• \hline \text {McCartney, Capital} \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots & 8,000 & \\
• \hline \text {Harris, Capital } \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots & 8,000 & \\
• \hline \text {Hussin, Capital } \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots & 8,000 \\
• \hline \text { \quad Cash } \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots & & 24,000 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | l | c | c | }
• \hline \text {McCartney, Capital} \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots & 12,000 & \\
• \hline \text {Harris, Capital } \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots & 12,000 & \\
• \hline \text { \quad Cash } \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots & & 24,000 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | l | c | c | }
• \hline \text {McCartney, Capital} \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots & 13,000 & \\
• \hline \text {Harris, Capital } \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots & 13,000 & \\
• \hline \text {\quad Hussin, Capital } \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots && 2,000 \\
• \hline \text { \quad Cash } \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots & & 24,000 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | l | c | c | }
• \hline \text {Cash } \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots & 24,000 \\
• \hline \text {Hussin, Capital } \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots & 2,000 \\
• \hline \text {\quad McCartney, Capital} \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots && 13,000 \\
• \hline \text {\quad Harris, Capital } \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots && 13,000 \\
• \hline
• \end{array}\]
• E) \[\begin{array} { | l | c | c | }
• \hline \text {Cash } \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots & 24,000 \\
• \hline \text {\quad McCartney, Capital} \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots && 8,000 \\
• \hline \text {\quad Harris, Capital } \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots && 8,000 \\
• \hline \text {\quad Hussin, Capital } \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots & & 8,000 \\
• \hline
• \end{array}\]

Comprehend the processes and stages of human conception, pregnancy, and birth.

Identify common genetic disorders and their implications.

Recognize the factors influencing infant mortality and how societal measures can ameliorate these impacts.

Appreciate the complex interplay between genetics, environment (nurture), and the development of personality and intelligence.

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Definitions:

Organizing Steps

A deliberate process of arranging tasks or information in a coherent and logical sequence for efficient execution or understanding.

Agnosia

A neurological disorder characterized by the inability to recognize and identify objects or persons, despite having intact sensory functions.

Visual Scene

The array of visual information present in one's environment that can be observed at any given moment.

Disorder

A disruption of normal physical or mental functions; a disease or abnormal condition.