PaulCo,DavidCo,and Ralph Form a Partnership with Cash Contributions of $80,000,$50,000

question 120

True/False

PaulCo,DavidCo,and Ralph form a partnership with cash contributions of $80,000,$50,000 and $30,000,respectively,and agree to share profits and losses in the ratio of their original cash contributions.PaulCo uses a January 31 fiscal year-end,while DavidCo and Ralph use a November 30 and December 31 fiscal year-end,respectively.Since PaulCo is a majority partner,this partnership will use a January 31 year-end.

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Definitions:

Inspirational Appeal

An influence tactic that seeks to motivate and engage others by appealing to their emotions or ideals.

Enthusiasm

A strong excitement or eagerness about doing something or about something that interests one.

Commitment

A psychological state or an enduring pledge or promise that influences an individual's or group's persistence and dedication to a goal, task, or relationship.

Political Communications

Candidate-to-voter communications; dynamic, interactive campaign-based process among politicians, the news media, and the public.