In the AD Partnership,Allen's Capital Is $140,000 and Daniel's Is

question 21

Multiple Choice

In the AD partnership,Allen's capital is $140,000 and Daniel's is $40,000 and they share income in a 3:1 ratio,respectively.They decide to admit David to the partnership.Each of the following questions is independent of the others.
-Refer to the information provided above.David invests $50,000 for a one-fifth interest.What amount of goodwill will be recorded?

• A)$20,000
• B)$4,000
• C)$40,000
• D)$15,000

Describe the assets and liabilities associated with strong organizational cultures.

Examine the examples of companies known for their strong cultures.

Understand the factors contributing to variations in sexual orientation.

Recognize the psychological and physiological aspects of the sexual response cycle.

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Definitions:

Flexible Exchange Market

Refers to a foreign exchange market where exchange rates are allowed to move due to market forces without intervention by country governments.

Equilibrium Quantity

The amount of goods supplied that is equal to the amount of goods demanded in a market, reached at the intersection of the supply and demand curves.

Demand Curve

A graph showing the relationship between the price of a good and the amount of the good that consumers are willing and able to purchase at that price.

Exchange Rate

The price of one currency expressed in terms of another currency.