Cox,North,and Lee Form a Partnership

question 51

Multiple Choice

Cox,North,and Lee form a partnership.Cox contributes $180,000,North contributes $150,000,and Lee contributes $270,000.Their partnership agreement calls for the income or loss division to be based on the ratio of capital invested.If the partnership reports income of $150,000 for its first year,what amount of income is credited to Lee's capital account?

• A)$50,000.
• B)$67,500.
• C)$45,000.
• D)$54,000.
• E)$60,000.

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Definitions:

Polygenic Inheritance

A mode of inheritance where traits are influenced by multiple genes at different loci, leading to a continuous range of possible phenotypes.

Incomplete Dominance

A genetic scenario in which one allele does not completely dominate another allele, leading to a phenotype that is a blend of the two alleles.

Codominance

A genetic scenario where two alleles of a gene are expressed equally in the phenotype of heterozygotes.

Epistasis

A genetic interaction where the effect of one gene is modified by one or several other genes, which can mask or alter its phenotype.