The Following Information Is Available on PDC Enterprises, a Partnership

question 127

Multiple Choice

The following information is available on PDC Enterprises, a partnership, for the most recent fiscal year: There are three partners in TGR Enterprises: Pearson, Darling and Cathay. At the end of the year, based on their proportionate investments and withdrawals, the partners' capital accounts were in the ratio of 2:2:1, respectively. Compute the ending capital balances of Cathay.

• A)$466,000.
• B)$402,000.
• C)$416,000.
• D)$544,000.
• E)$388,000.

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Definitions:

Termination-At-Will

Refers to the employment arrangement in many U.S. states where either the employer or employee can end the employment relationship at any time, for any reason not prohibited by law, without prior notice.

Employer Autonomy

The degree to which employers have the freedom to manage their workforce, make business decisions, and operate their businesses without excessive external interference.

Equal Pay

The principle or requirement ensuring that employees who perform the same or equivalent work receive the same remuneration, regardless of gender, ethnicity, or other non-performance-related factors.

Pay Equity

The principle of ensuring that employees receive equal pay for work of equal value, aimed at eliminating wage disparities based on gender, race, or other non-job-related factors.