Bobbi and Stuart Are Partners

question 75

Multiple Choice

Bobbi and Stuart are partners. The partnership capital of Bobbi is $40,000 and that of Stuart is $70,000. Bobbi sells his interest in the partnership to John for $50,000. The journal entry to record the admission of John as a new partner would include a credit to

• A) John's capital account for $40,000
• B) Stuart's capital account for $10,000
• C) John's capital account for $50,000
• D) John's capital account for $40,000 and a credit to Stuart's capital account for $10,000

Recognize the impact of sentence variety on readability and engagement.

Know how to expand a simple sentence to add information.

Distinguish between sentence types and their structures.

Understand how to organize and present information effectively in documents.

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Definitions:

Initiating Structure

Leadership behavior that emphasizes task organization, assignment, and completion, focusing on defining role responsibilities.

Empowerment

Increasing the degree of autonomy and self-determination in individuals or communities to enable them to represent their interests in a responsible and self-determined way.

Consideration

The act of thoughtful or careful reflection before making decisions or judgments.

Undermine Organizational Goals

Actions or behaviors that weaken or sabotage the objectives set by an organization.