Partners Brian, Josh, and Chad Have Capital Balances of $11,000

question 113

Multiple Choice

Partners Brian, Josh, and Chad have capital balances of $11,000, $12,000, and $86,000, respectively. The losses for the year are $14,000. What will Josh's capital balance be if the three partners share profits and losses at a 2:2:6 ratio for Brian, Josh, and Chad, respectively?

• A) $9,200 debit balance
• B) $8,200 debit balance
• C) $2,800 debit balance
• D) $9,200 credit balance

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The systematic examination and evaluation of data or information, often to understand its relevance, validity, or outcomes in a certain context.

Scientific Method

A systematic and logical approach to discovering how things in the universe work, through observation, experimentation, and hypothesis testing.

Brain Chemical

Molecules in the brain, including neurotransmitters, that influence various processes such as mood, thought patterns, and behavior.

Vitamin E

A fat-soluble antioxidant vitamin important for maintaining the health of cells and protecting them from damage.