The Following Information Is Available on Stewart Enterprises,a Partnership,for the Most

question 13

Multiple Choice

The following information is available on Stewart Enterprises,a partnership,for the most recent fiscal year:
Total partnership capital at beginning of the year $180,000
Partnership net income for the year $150,000
Withdrawals by partners during the year $120,000
Additional investments by partners during the year $ 60,000
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.

• A)Stewart = $108,000; Tedder = $54,000; Armstrong = $108,000.
• B)Stewart = $90,000; Tedder = $90,000; Armstrong = $90,000.
• C)Stewart = $204,000; Tedder = $102,000; Armstrong = $204,000.
• D)Stewart = $84,000; Tedder = $102,000; Armstrong = $84,000.
• E)Stewart = $60,000; Tedder = $30,000; Armstrong = $60,000.