The abrams, bartle, and creighton partnership began the process of liquidation with the following balance sheet: cash $ 16,000 liabilities $ 150,000 noncash assets 434,000 abrams, capital 80,000 bartle, capital 90,000 creighton, capital 130,000 total $ 450,000 total $ 450,000 abrams, bartle, and creighton share profits and losses in a ratio of 3: 2: 5. liquidation expenses are expected to be $12,000.
after the liquidation expenses of $12,000 were paid and the noncash assets sold, creighton had a deficit of $8,000. for what amount were the noncash assets sold? show your work.
true. common law reflects how society is ever changing. common law is unspoken laws that change as time passes that citizens just abide by. common law is not written down or enforced like don't drink and drive, wear your seat belt, drive the speed limit etc. these laws change as society changes to make sure they 'make sense' for the times they are being used in.
the answer to the question is (a) a direct incentive.
a direct incentive refers to a type of incentive that is given in order to cause an action to occur.
a direct incentive is generally tangible to the person who is targeted by it. in contrast, its opposite, an indirect incentive refers to a type of incentive that a person receives indirectly by choosing to do something. it is usually less tangible than a direct incentive.