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A local partnership has assets of cash of $5,000 and a building recorded at $80,000. All liabilities have been paid. The partners capital accounts are as follows Harry $40,000, Landers $30,000 and Waters 15,000. The partners share profits and losses 4:4:2.
-If the building is sold for $50,000, how much cash will Waters receive in the final settlement?
Existentialism
The approach to philosophy that focuses on conscious experience (phenomenology), free will, the meaning of life, and other basic questions of existence.
Sartre
Jean-Paul Sartre, a French existentialist philosopher, playwright, and novelist known for his exploration of freedom, existentialism, and the human condition.
Nietzsche
A German philosopher known for his exploration of individual morality, the will to power, and the critique of religion.
Optimistic View
A tendency to look on the more favorable side of events or conditions and to expect the most favorable outcome.
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