Soledad and Winston Are Partners Who Share Income in the Ratio

question 114

Multiple Choice

Soledad and Winston are partners who share income in the ratio of 1:3 and have capital balances of $100,000 and $140,000 at the time they decide to terminate the partnership. After all noncash assets are sold and all liabilities are paid, there is a cash balance of $130,000. What amount of loss on realization should be allocated to Winston?

• A) $110,000
• B) $97,500
• C) $42,500
• D) $82,500

---

Definitions:

Primary-Process Thought

A mode of thinking primarily associated with the unconscious mind, characterized by the free and associative nature of thought, driven by basic drives and unconscious desires.

Ego

In psychoanalytic theory, the part of the personality that mediates between the demands of the id, the realities of the external world, and the moral standards of the superego.

Primary Motivation

The fundamental drives or needs that initiate and guide behavioral or psychological processes.

Ego-Ideal

A component of the personality in psychoanalytic theory that represents an individual's ideal self and standards.