The Capital Account Balances for Donald & Hanes LLP on January

question 24

Multiple Choice

The capital account balances for Donald & Hanes LLP on January 1, 2011, were as follows: $$\begin{array} { | l | r | } \hline \text { Donald, capital } & \$ 200,000 \\\hline \text { Hanes, capital } & 100,000 \\\hline\end{array}$$ Donald and Hanes shared net income and losses in the ratio of 3:2, respectively. The partners agreed to admit May to the partnership with a 35% interest in partnership capital and net income. May invested $100,000 cash, and no goodwill was recognized.
-What is the balance of Hane's capital account after the new partnership is created?

• A) $84,000.
• B) $100,000.
• C) $140,000.
• D) $176,000.
• E) $200,000.

Identify the applications and limitations of correlational and experimental research designs.

Understand the principles and applications of different experimental designs in psychology, including single-blind and double-blind studies.

Recognize the evolution of psychology as a discipline and accurately define its current scope as the science of behavior and mental processes.

Identify and understand ethical guidelines suggested by the American Psychological Association for conducting research with both human participants and animals.

---

Definitions:

Capital Structure

Capital structure refers to the composition of a company's funding obtained through debt and equity, including bonds, loans, and stock.

Synergy

The concept that the combined value and performance of two companies will be greater than the sum of the separate individual parts.

Equity-financed

Equity-financed refers to funding a business or project through selling ownership interests (shares) in the company rather than borrowing through debt.

Marginal Tax Bracket

The tax rate that applies to the last dollar of the taxpayer's income, illustrating the percentage of tax applied to your income for each tax bracket in which you qualify.