B. The trading of favors.
Answer:
$78,000
Explanation:
The computation of interest at year end is shown below:-
Interest at year end = Cash contribution + Income of partnership + Share of partnership liabilities - Cash from the partnership
= $50,000 + $20,000 × 50% + $60,000 × 50% - $12,000
= $90,000 + $10,000 + $30,000 - $12,000
= $78,000
Therefore for computing the partnership interest at year end we simply applied the above formula by considering all the items given in the question
Answer:
Explanation:
The journal entry is shown below:
Interest expense A/c Dr $28,000
Mortgage payable A/c $12,000
To Cash A/c $40,000
(Being the installment is paid for cash and the remaining balance is debited to the interest expense account)
Simply we debited the interest expense and mortgage payable account and credited the cash account as cash is paid
<span>Kevin is the human resource manager for a large company. he actually has a favorable attitude toward the handicapped in general. however, he hasn't hired anyone who has a visible disability for any position that has come open in the company because his boss told him not to consider applicants who are handicapped.
</span>In this case, Kevin shows evidence of discrimination but not prejudice.
