W and X Are Partners Who Have Agreed to Admit

question 48

Multiple Choice

W and X are partners who have agreed to admit Y, who will invest $15,000 for a 20 percent interest. The previous capital balances were $15,000 and $30,000 for W and X, respectively. W and X had shared profits and losses equally. What amount will be recorded in Y's Capital account?

• A) $6,000 credit
• B) $12,000 credit
• C) $15,000 credit
• D) $9,000 credit

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Definitions:

Psychotherapy Integration Movement

An approach in psychotherapy that seeks to combine methods and insights from various therapeutic schools to improve effectiveness and adaptability to individual needs.

Integrative Therapies

Therapeutic practices that blend techniques from various psychotherapy approaches to treat the whole person, considering mental, physical, and emotional health.

Third-Wave Psychotherapies

Refers to a group of modern psychotherapeutic approaches that integrate mindfulness and acceptance strategies, aiming to enhance psychological flexibility.

Unified Protocol

A transdiagnostic cognitive-behavioral therapy designed to treat a range of emotional disorders through common underlying processes.