When using expert testimony to establish the standard of care in a malpractice case, the judge must require which of the following?

            A local partnership was considering the possibility of liquidation. Capital account balances at that time were as follows. Profits and losses were divided on a 4:2:2:2 basis, respectively.         Ding, capital $ 60,000 Laurel, capital   67,000 Ezzard, capital   17,000 Tillman, capital   96,000   At that time, the partnership held noncash assets reported at $360,000 and liabilities of $120,000. There was no cash on hand at the time.If the assets could be sold for $228,000 and there are no liquidation expenses, what is the amount that Ding would receive from the liquidation?                         A)    $36,000.              B)    $0.            C)    $2,500.            D)    $38,720.            E)    $67,250.

Goodman, Pinkman, and White formed a partnership on January 1, 2020, and made capital contributions of $125,000 (Goodman), $175,000 (Pinkman), and $250,000 (White), respectively. With respect to the division of income, they agreed to the following: (1) interest of an amount equal to 10% of the that partner’s beginning capital balance for the year; (2) annual compensation of $15,000 to Pinkman; and (3) the remainder of the income or loss to be split among the partners in the following percentages: (a) 20% for Goodman; (b) 40% for Pinkman; and (c) 40% for White. Net income was $200,000 in 2020 and $240,000 in 2021. Each partner withdrew $1,500 for personal use every month during 2020 and 2021.What was Goodman’s capital balance at the end of 2020?

Immigrant groups often try to preserve aspects of their culture, but history shows that generally they _____ to their new environment.

Which of the following statements is true concerning the distribution of safe payments?                         A)    The distribution of safe payments assumes that any capital deficit balances will prove to be a total loss to the partnership.                  B)    Safe payments are equal to the recorded capital account balances of those partners with capital account balances in excess of $0.            C)    The distribution of safe payments may only be made after all liabilities have been paid.            D)    In computing safe payments, partners with positive capital account balances are assumed to absorb an equal share of any deficit balance(s).            E)    There are no safe payments until the liquidation is complete.

Jerry, a partner in the JSK partnership, begins the year on January 1, 2021 with a capital balance of $20,000. The JSK partnership agreement states that Jerry receives 6% interest on his monthly weighted average capital balance without regard to normal drawings. Each partner draws $5,000 in cash from the business every quarter. Any withdrawal in excess of that will be accounted for as a direct reduction of the partner’s capital balance. On March 1, 2021, when the partnership tax return for 2020 was completed, Jerry’s capital account was credited for his share of 2020 profit of $120,000.Jerry withdrew $5,000 quarterly, beginning March 31st.On September 1, Jerry’s capital account was credited with a special bonus of $60,000 for business he brought to the partnership. What amount of interest will be attributed to Jerry for the year 2021 that will go toward his profit distribution for the year?

What must be shown in order to establish an award of punitive damages in a medical malpractice case?  Explain.  Provide an example of a factual situation which would support punitive damages in a medical malpractice case.

Although records retention policies vary depending on the type of record, the American Hospital Association recommends retaining medical records for at least how long?

A local partnership was in the process of liquidating and reported the following Capital account balances:     Justice, capital (40% share of all profits and losses) $ 23,000   Zobart, capital (35%)   22,000   Douglass, capital (25%)   (14,000 )   Douglass indicated that the $14,000 deficit would be covered by a forthcoming contribution. However, the two remaining partners asked to receive the $31,000 that was then in the cash account.How much of this money should Zobart receive?              A)    $15,467.              B)    $14,467.            C)    $17,333.            D)    $15,633.            E)    $15,867.             

Goodman, Pinkman, and White formed a partnership on January 1, 2020, and made capital contributions of $125,000 (Goodman), $175,000 (Pinkman), and $250,000 (White), respectively. With respect to the division of income, they agreed to the following: (1) interest of an amount equal to 10% of the that partner’s beginning capital balance for the year; (2) annual compensation of $15,000 to Pinkman; and (3) the remainder of the income or loss to be split among the partners in the following percentages: (a) 20% for Goodman; (b) 40% for Pinkman; and (c) 40% for White. Net income was $200,000 in 2020 and $240,000 in 2021. Each partner withdrew $1,500 for personal use every month during 2020 and 2021.What was White’s total share of net income for 2020?