Zach Has Bought Biannca's Interest in the A&B Partnership for a $120,000

question 60

Multiple Choice

Zach has bought Biannca's interest in the A&B Partnership for a $120,000 direct payment to Biannca.Zach and Biannca's capital balances before the sale were $48,000 and $72,000,respectively.The entry to record the purchase of interest in partnership is:

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Definitions:

Gray Matter

Regions of the brain and spinal cord with a high concentration of cell bodies, dendrites, and axon terminals of neurons, distinguished from white matter.

Cortex

The outer layer of the cerebrum in the brain, involved in many advanced brain functions, including memory, attention, perceptual awareness, and language.

Depolarization

A decrease in the difference in charge between the inside and outside of a cell's plasma membrane, often leading to nerve impulse transmission or muscle contraction.

Na+

Sodium ions, an essential electrolyte in the body that helps regulate blood pressure, blood volume, and pH levels, as well as nerve and muscle function.