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.

---

Definitions:

Multiplier

A factor by which another number is multiplied, often used in dosing calculations to adjust for patient weight or surface area.

Product

The result of multiplying two or more numbers or factors together.

Base

In chemistry, a base is a substance that can accept hydrogen ions or donate an electron pair in reactions.