mercedes98
Dec 13, 2010, 06:49 PM
Hi, Can someone please help me with this question?
Regina Harrison is a partner in Pressed for Time. An analysis of Regina Harrison's capital account indicates that during the most recent year, she withdrew $20,000 from the partnership.Â
Her share of the partnership's net loss was $16,000 and she made an additional equity contribution of $10,000. Her capital account ended the year at $150,000. What was her capital balance at the beginning of the year?
a. $124,000
b. $144,000
c. $192,000
d. $176,000
e. $134,000
Regina Harrison is a partner in Pressed for Time. An analysis of Regina Harrison's capital account indicates that during the most recent year, she withdrew $20,000 from the partnership.Â
Her share of the partnership's net loss was $16,000 and she made an additional equity contribution of $10,000. Her capital account ended the year at $150,000. What was her capital balance at the beginning of the year?
a. $124,000
b. $144,000
c. $192,000
d. $176,000
e. $134,000