Paul and Roger Are Partners Who Share Income in the Ratio

question 158

Multiple Choice

Paul and Roger are partners who share income in the ratio of 3:2. Their capital balances are $90,000 and $130,000, respectively. The partnership generated net income of $50,000 for the year. What is Roger's capital balance after closing the revenue and expense accounts to the capital accounts?

• A) $155,000
• B) $150,000
• C) $110,000
• D) $115,000

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