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Khalid,Dina,and James are partners with beginning-year capital balances of $400,000,$320,000,and $160,000,respectively.The partners agreed to share income and loss as follows: salary of $30,000 to Khalid; $50,000 to Dina; and $55,000 to James and an interest allowance of 10% on beginning-of-year capital balances.Any remaining balance is to be divided equally.If partnership net income for the year is $190,000,determine each partner's share and make the appropriate journal entry to close the Income Summary to the capital accounts.
Behavioural Component
The aspect of attitudes which pertains to the way we act or behave towards an object or situation.
Autonomic Arousal
The activation of the autonomic nervous system, which can result in physiological reactions such as increased heart rate or sweating, often due to stress or excitement.
Physiological Component
Refers to the aspects of processes, functions, and activities of living organisms that can be measured and studied.
Cognitive Component
In psychology, the aspect of attitude that involves a person’s beliefs or knowledge about an object, person, or situation.
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