Olivia Greer Is a Partner in Made for You

question 38

Multiple Choice

Olivia Greer is a partner in Made for You.An analysis of Greer's capital account indicates that during the most recent year,she withdrew $30,000 from the partnership.Her share of the partnership's net loss was $16,000 and she made an additional equity contribution of $10,000.Her capital account ended the year at $150,000.What was her capital balance at the beginning of the year?

• A)$154,000
• B)$170,000
• C)$180,000
• D)$186,000
• E)$196,000

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Definitions:

Transfer Belt

A safety device commonly used in healthcare to assist in transferring patients from one position to another, promoting stability and reducing injury risks.

Patient Transfer

The safe movement of a patient from one location to another or from one surface to another.

Friction

The resistance that one surface or object encounters when moving over another.

Draw Sheet

A small bed sheet placed crosswise over the middle of the bottom sheet of a mattress to cover the area between the upper thighs and shoulders of a patient.