Which of the Following Statements Is (Are)true

question 22

Multiple Choice

Which of the following statements is (are) true?
I.In the calculation of the loss absorption power for a partner,a partner's loan balance (an amount that is owed by the partnership) should be added to the partner's capital balance.
II.In liquidation,a partner's loan balance (an amount that is owed by the partnership) should be paid to the partner as a creditor of the partnership after the outside creditors.

• A) I only
• B) II only
• C) Both I and II
• D) Neither I nor II

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Definitions:

Regio-

A prefix in chemistry indicating the region or position in a molecule where a certain reaction takes place or where a particular substituent is located.

Stereochemical

Pertains to the study of the three-dimensional arrangement of atoms within molecules and the impact of this arrangement on the physical and chemical properties of the molecules.

Regio-

A prefix indicating the region or position in a molecule where a reaction or specific structural change occurs.

Stereochemical

Regarding the arrangement of atoms in molecules and how it affects their characteristics and chemical reactions.