Sadie and Sam Share Income Equally

question 56

Multiple Choice

Sadie and Sam share income equally. For the current year, the partnership net income is $40,000. Sadie made withdrawals of $14,000 and Sam made withdrawals of $15,000. At the beginning of the year, the capital account balances were: Sadie, Capital, $42,000; Sam, Capital, $58,000. Sam's capital account balance at the end of the year is

• A) $78,000
• B) $43,000
• C) $63,000
• D) $93,000

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Definitions:

Multiculturalism

Multiculturalism is the acknowledgment, acceptance, and promotion of diverse cultural backgrounds within a society, emphasizing their contributions to the enrichment of the communal fabric.

Cultural Diversity

The presence of various cultural or ethnic groups within a society or organization, enriching its social fabric.

Pluralism

A condition or system where multiple groups, cultures, or entities coexist within a society and maintain their differences.

Informal Network Integration

This refers to the process of connecting and optimizing informal relationships and communication channels within an organization, enhancing collaboration and knowledge sharing.