On November 1,2008,Miller and Reising Formed a Partnership

question 112

Multiple Choice

On November 1,2008,Miller and Reising formed a partnership.Miller contributed land valued at $90,000 and a building valued at $115,000.Reising contributed $90,000 cash.In addition,the partnership assumed responsibility for Miller's $85,000 mortgage payable associated with the land and building.What are the balances of the partners' capital accounts after these transactions have been recorded?

• A)Miller: $120,000; Reising: $90,000
• B)Miller: $205,000; Reising: $90,000
• C)Miller: $105,000; Reising: $105,000
• D)Miller: $90,000; Reising: $120,000
• E)Miller: $90,000; Reising: $205,000

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Definitions:

Learned Helplessness

A condition in which a person suffers from a sense of powerlessness, arising from a traumatic event or persistent failure to succeed, leading to the belief that one's actions have no effect on outcomes.

Aversive Stimulus

A stimulus that is unpleasant or painful, which an organism seeks to avoid or escape.

Positive Reinforcement

A technique used in behavioral psychology to increase the likelihood of a desired behavior by following it with the addition of a reinforcing stimulus.

Punishment

A consequence that decreases the likelihood of a behavior being repeated, often used as a form of behavioral control.