The Text Refers to Two Methods of Accounting for Equity

question 24

Multiple Choice

The text refers to two methods of accounting for equity in a partnership, method 1 and method 2; these are:

• A) interest and no interest methods.
• B) cash and credit capital methods.
• C) variable and fixed capital account methods.
• D) equal and proportionate profit sharing methods.

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Definitions:

Socially Conscientious

Having an awareness of and concern for the problems and injustices of society.

Cyberdeviance

Actions that involve deviant behavior or activities conducted through digital platforms or the internet.

Computer Network

A set of interconnected digital devices that can share resources, data, and applications among users or systems.

Cyberterrorists

Individuals or groups that use online means to carry out acts of terror, often targeting critical infrastructure or spreading fear.