The Capital Balances,prior to the Liquidation of the XYZ Partnership,were

question 8

Multiple Choice

The capital balances,prior to the liquidation of the XYZ partnership,were as follows:
X,Y,and Z share profits and losses in the ratio of 5:3:2.As a result of a loan,the partnership owes Y $80,000.Using the information above,which partner has the highest Loss Absorption Power (LAP) prior to liquidation?

• A)X
• B)Y
• C)Z
• D)Both X and Y

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Definitions:

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A psychological approach that combines cognitive and behavioral therapies to treat various disorders, focusing on changing negative thought patterns and behaviors.

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Cognitive-behavioral Approach

A psychological treatment method that addresses dysfunctional emotions, behaviors, and cognitions through a goal-oriented, systematic process.

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