Sara Invests $120,000 for a 30 Percent Interest in a Partnership

question 30

Multiple Choice

Sara invests $120,000 for a 30 percent interest in a partnership in which the other partners have capital totaling $200,000 before admitting Sara.After distribution of the bonus,what is Sara's capital balance?

• A)$60,000
• B)$96,000
• C)$120,000
• D)$144,000

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Definitions:

Not Criminally Responsible

A legal defense asserting that an individual was unable to appreciate the nature and quality of an act or distinguish right from wrong due to a mental disorder at the time of committing the act.

Mental Disorder

A health condition characterized by alterations in thinking, mood, or behavior associated with distress and/or impaired functioning.

Criminal Trials

Legal proceedings in which a person charged with a crime is tried in a court, judged, and either acquitted or convicted.

Depressive And Bipolar

Refers to mood disorders characterized by varying periods of depression and manic or hypomanic episodes, affecting mood, energy, and activity levels.