These are the automatically

computed results of your exam.

Grades for essay questions, and
comments from your instructor,
are in the "Details" section
below.

Date Taken:
Time Spent:
Points Received:

Question Type:

3/13/2015
3 h , 25 min , 39 secs
9 / 10 (90%)

# Of Questions:

Multiple Choice

# Correct:

10

Grade Details - All Questions

Q Question :
ue
sti
o
n
1.

Student Answer:

goodwill to the new partner if B > (A + C) and D < C.

goodwill to the old partners if B = A + C and D > C.

B = A + C and D > C.
Points Received:

a bonus to the new partner if

neither bonus nor goodwill if B > (A + C) and D > C.

1 of 1

Comments:

Question :
Q
ue
sti
o
n
2.

Student Answer:

$0.

Points Received:
Comments:

$80,000.
1 of 1

$10,000.

$30,000.

Q Question :
ue
sti
o
n
3.

Student Answer:

I only

Points Received:

II only

Either I or II

Both I and II

1 of 1

Comments:

Question :
Q
ue
sti
o
n
4.

Student Answer:

I plus II minus III

I minus II minus III

Points Received:
Comments:

Q Question :
ue
sti
o
n
5.

1 of 1

I plus II plus III

I minus II plus III

Student Answer:

I only

Points Received:

II only

Both I and II

Neither I nor II

II only

Neither I nor II

Both I and II

0 of 1

Comments:

Q Question :
ue
sti
o
n
6.

Student Answer:

I only

Points Received:

1 of 1

Comments:

Question :
Q
ue
sti
o
n
7.

Student Answer:

Points Received:
Comments:

Q Question :
ue

II

1 of 1

Both I and II

Neither I nor II

sti
o
n
8.

Student Answer:

Both I and III.

Points Received:

III.

Both I and II.

I, II, and II.

1 of 1

Comments:

Q Question :
ue
sti
o
n
9.

Student Answer:

Partner L will have a smaller loss absorption power than A.

Partner L will receive cash only after A has received cash.

smaller loss absorption power than L.
partnership liquidation.
Points Received:

Partner A will have a

Partner A will never receive any cash from

1 of 1

Comments:

Q Question :
ue
sti
o
n
1
0.

Student Answer:
A partnership may be a profit or a nonprofit entity.
A
partnership may use federal income tax rules to account for transactions in their journals

and ledger accounts.

A partnership's equity section contains both capital and

retained earnings accounts.

dividend payment.
Points Received:

A partnership may only distribute money through a

1 of 1

Comments:
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