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Compute the ending capital balances of the three partners. (Do not round your intermediate calculations.)

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Total partnership capital at beginning of the year $159,000;Partnership net income for the year $129,000;Withdrawals by partners during the year $69,000;Additional investments by partners during the year $39,000;There are three partners in Stewart Enterprises: Stewart, Tedder and Armstrong. At the end of the year, the partners' capital accounts were in the ratio of 2:1:2, respectively. Compute the ending capital balances of the three partners. (Do not round your intermediate calculations.);Stewart = $103,200, Tedder = $51,600, Armstrong = $103,200.;Stewart = $158,400, Tedder = $79,200, Armstrong = $158,400. Pick this one (incorrect);Stewart = $86,000, Tedder = $86,000, Armstrong = $86,000.;Stewart = $51,600, Tedder = $25,800, Armstrong = $51,600.;Stewart = $68,600, Tedder = $79,200, Armstrong = $68,600.

 

Paper#24121 | Written in 18-Jul-2015

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