A Partnership Recorded the Following Journal Entry This Entry Reflects:
A)Acceptance of a New Partner Who Invests

question 110

Multiple Choice

A partnership recorded the following journal entry:
$\begin{array}{|l|l|l|}\hline\text { Cash} & 70,000 & \\\hline \text { B. Tanner, Capital } & 10,000 & \\\hline \text { R. Jackson, Capital } & 10,000 & \\\hline \text { H. Rivera, Capital } & & 90,000 \\\hline\end{array}$
This entry reflects:

• A)Acceptance of a new partner who invests $70,000 and receives a $20,000 bonus
• B)Withdrawal of a partner who pays a $10,000 bonus to each of the other partners
• C)Addition of a partner who pays a bonus to each of the other partners
• D)Additional investment into the partnership by Tanner and Jackson
• E)Withdrawal of $10,000 each by Tanner and Jackson upon the admission of a new partner

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Definitions:

Continuous IV Infusion

A method of administering medication directly into the bloodstream over a prolonged period, allowing for a constant therapeutic effect.

Infiltrated

Pertains to the unintentional administration of a non-vesicant solution or medication into surrounding tissue instead of the intended vascular pathway; often related to intravenous therapies.

Arterial Blood Sample

A sample of blood taken from an artery that is often used to measure gases, such as oxygen and carbon dioxide, in the blood.

Acid-Base Balance

The mechanism by which the body maintains its blood pH within the narrow range necessary for optimal enzyme function and metabolic processes.