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

question 88

Multiple Choice

The following information is available on PDC Enterprises,a partnership,for the most recent fiscal year:
$$\begin{array} { l l } \text { Total partnership capital at beginning of the year } & \$ 1,080,000 \\\text { Partriership net income for the year } & \$ 1,250,000 \\\text { Withdrawals by partners during the year } & \$ 320,000 \\\text { Additional investrnents by partners during the year } & \$ 70,000\end{array}$$
There are three partners in TGR Enterprises: Pearson,Darling and Cathay.At the end of the year,the partners' capital accounts were in the ratio of 2:2:1,respectively.Compute the ending capital balances of Cathay.

• A) $466,000.
• B) $402,000.
• C) $416,000.
• D) $544,000.
• E) $388,000.

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Definitions:

Prejudice

Preconceived opinions or judgments toward individuals or groups without factual basis, often involving negative attitudes or discrimination.

Generalizations

Statements or conclusions made based on common characteristics that apply to a group or category rather than specific instances.

Stereotypes

Oversimplified, widely held fixed ideas or images about a particular type of person or thing.

Discrimination

Discriminatory behavior towards various groups of individuals, particularly based on race, age, gender, or disability.