Paul and Roger Are Partners Who Share Income in the Ratio

question 18

Multiple Choice

Paul and Roger are partners who share income in the ratio of 3:2. Their capital balances are $90,000 and $130,000 respectively. Income Summary has a credit balance of $50,000. What is Paul's capital balance after closing Income Summary to Capital?

• A) $108,000
• B) $120,000
• C) $115,000
• D) $180,000

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Definitions:

Mere Exposure Effect

The increase in liking due to repeated exposure.

Socialization

The process by which individuals learn and internalize the values, beliefs, and norms of their culture and society, shaping their personality and behavior.

Postdecisional Dissonance

A feeling of regret or anxiety after making a decision, questioning if the right choice was made.

Mere Exposure Effect

A psychological phenomenon by which people tend to develop a preference for things merely because they are familiar with them.