Olivia Greer Is a Partner in Made for You

question 127

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

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Definitions:

Women Leaders

Individuals who identify as women and hold positions of authority and influence within organizations or societal structures.

Leadership Style

The approach or technique that a leader uses to guide, motivate, and manage members of a group or organization.

Adult Life

The phase of human life where an individual is considered legally and socially independent and responsible.

Stability

The fourth stage of retirement, when the retiree settles into a lifestyle that is satisfactory to her.