The JPB Partnership Reported Net Income of $160,000 for the Year

question 53

Multiple Choice

The JPB partnership reported net income of $160,000 for the year ended December 31,2008.According to the partnership agreement,partnership profits and losses are to be distributed as follows:
How should partnership net income for 2008 be allocated to J,P,and B?

• A)Option A
• B)Option B
• C)Option C
• D)Option D

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Definitions:

Systematic Desensitization

A behavioral therapy technique used to reduce phobic responses or anxiety through gradual exposure to the feared object or situation coupled with relaxation exercises.

Counterconditioning

A behavioral therapy technique that involves teaching the patient to associate a positive response with a stimulus that previously elicited a negative response.

CS

Stands for "Conditioned Stimulus," which is a previously neutral stimulus that, after becoming associated with the unconditioned stimulus, eventually comes to trigger a conditioned response.

Intero-Exteroceptive Conditioning

a form of conditioning that involves the learning process of associating internal physiological states with external stimuli.