Olivia Greer Is a Partner in Made for You

question 38

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

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Definitions:

Monetary Policy

Actions of a central bank, currency board, or other regulatory committees that determine the size and rate of growth of the money supply, which in turn affects interest rates.

Fiscal Policy

Refers to government actions regarding taxation and spending aimed at influencing a country's economy.

Monetary Growth Rate

The rate at which the amount of money in circulation increases over a specific period.

Money Supply

The lump sum of monetary assets available in an economy at a particular point.