In 2012, Three Persons-J

question 23

Multiple Choice

In 2012, three persons-J. Jordan, F. Rebello, and R. Murfin-joined in a partnership to advise health care providers about billing procedures and legal matters. The partnership agreement specified that profits and losses were to be shared equally. At the beginning of 2013, each partner had a capital balance of $45 000. During the year, the partnership recorded a loss of $39 000, and none of the partners took any withdrawals. At the end of 2012, how much was the capital balance for R. Murfin?

• A)$46 000
• B)$25 000
• C)$50 000
• D)$32 000

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