Which of These Is Not a Feature of the Fixed

question 16

Multiple Choice

Which of these is not a feature of the fixed capital balances method (method 2) of accounting for partnership equity?

• A) Each partner has two permanent equity accounts, a capital account and a retained earnings account.
• B) Apart from the initial investment very few adjustments are made to the capital account.
• C) Partner's drawings are closed to their capital accounts.
• D) The profit or loss distribution account is closed to the partner's retained earnings accounts.

Identify the various motivation models and how they explain motivation in organizational settings.

Determine how expectancy and equity theories apply in cultural contexts and organizational practices.

Analyze how organizations can apply motivation theories to enhance employee motivation and performance.

Explain the procedural justice concept and its impact on organizational fairness and employee attitudes.

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Definitions:

Financial Calculator

A specialized calculator used for financial matters, including calculating interests, loans, investments, amortization, and profit and loss.

Compounded Annually

Interest that is calculated and added to the principal balance once a year.

Compounded Monthly

Involves the addition of interest to the principal sum of a loan or deposit on a monthly basis.

RRSP

Registered Retirement Savings Plan, a Canadian account for holding savings and investment assets, with tax benefits for retirement savings.