Badger and Fox Are Forming a Partnership

question 10

Multiple Choice

Badger and Fox are forming a partnership. Badger invests a building that has a market value of $350,000; the partnership assumes responsibility for a $125,000 note secured by a mortgage on the property. Fox invests $100,000 in cash and equipment that has a market value of $75,000. For the partnership, the amounts recorded for the building and for Badger's Capital account are:

• A) Building $350,000; Badger, Capital $350,000.
• B) Building $225,000; Badger, Capital $225,000.
• C) Building $225,000; Badger, Capital $125,000.
• D) Building $350,000; Badger, Capital $225,000.
• E) Building $350,000; Badger, Capital $300,000.

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Definitions:

Vicarious Reinforcement

The process of learning and adapting behaviors by observing the consequences of actions performed by others, especially the rewards they receive.

Longitudinal Research Design

A methodological approach in research where participants are observed or tested repeatedly over a period of time to identify changes and developments.

Attachment Style

Refers to the pattern of bonding or relationship-building individuals have, which impacts how they relate to others. It is often categorized into secure, anxious, and avoidant styles.

Friendship Formation

The process by which friendly relationships are initiated and developed, often influenced by mutual interests, experiences, and social contexts.