Paul and Roger Are Partners Who Share Income in the Ratio

question 53

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. Income Summary has a credit balance of $50,000. What is Roger's capital balance after closing Income Summary to Capital?

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

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Definitions:

Administration Half-life

The time required for the concentration of a drug in the body to be reduced by half after its administration, a key factor in determining the dosage and frequency of medication.

Frontal Cortex

The front part of the cerebral cortex involved in decision making, problem solving, control of purposeful behaviors, consciousness, and emotions.

Cerebellum

A part of the brain located at the back of the skull, primarily involved in coordinating movement and balance.

Hippocampus

A major component of the brain that plays critical roles in memory formation, navigation, and the emotional response.