Table 12-2 Tic, Tac, and Toe Have Year-End Capital Balances, Before Closing

question 39

Multiple Choice

Table 12-2
Tic, Tac, and Toe have year-end capital balances, before closing entries, of $202,000, $182,000, and $116,000, respectively. They have agreed to share profits and losses in the ratio of their capital balances.
-Refer to Table 12-2.Assuming the business incurs a loss of $87,000,Toe's share of the loss is:

• A) $35,148
• B) $20,184
• C) $29,000
• D) $31,668

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