A Local Partnership Was in the Process of Liquidating and Reported

question 54

Multiple Choice

A local partnership was in the process of liquidating and reported the following capital balances: Douglass indicated that the $14,000 deficit would be covered by a forthcoming contribution. However, the two remaining partners asked to receive the $31,000 that was then in the cash account. How much of this money should Justice receive?

• A) $15,467.
• B) $15,533.
• C) $17,333.
• D) $16,533.
• E) $15,867.

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Definitions:

Random Assignment

A selection procedure that ensures that participants are randomly placed either in the control group or in the experimental group.

Preexisting Differences

Variations in characteristics, conditions, or experiences among subjects before the onset of a study or intervention, potentially influencing outcomes.

Control Group

A group in an experiment or study that does not receive the experimental treatment and is used as a benchmark to measure how the other tested groups perform.

Clinically Significant

Describing a result, finding, or change that is large enough to matter clinically, indicating meaningful implications for a patient's diagnosis, treatment, or prognosis.