Alpha and Beta Are Partners Who Share Income in the Ratio

question 54

Multiple Choice

Alpha and Beta are partners who share income in the ratio of 1:2 and have capital balances of $40,000 and $70,000 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 $50,000. What amount of loss on realization should be allocated to Alpha?

• A) $60,000
• B) $20,000
• C) $30,000
• D) $50,000

Acknowledge the significance of human resources in achieving organizational mission and strategies.

Recognize the process and importance of human resource planning in aligning HR strategies with organizational objectives.

Understand the recruitment process and its significance in acquiring a quality workforce.

Comprehend the challenges and trends impacting HRM practices in contemporary organizations.

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Nations that base their legal systems on a comprehensive, written set of laws, as opposed to case law or common law systems.

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Nations that follow a legal system inherited from English law, where the emphasis is on case law and judicial precedent rather than statutory laws.

Investment Companies

Firms that invest the funds of their clients into securities that match declared financial objectives.

Code-Law Country

A country where the legal system is based on a comprehensive, codified set of laws, as opposed to common law systems.