The Following Information Is Available on TGR Enterprises, a Partnership

question 45

Multiple Choice

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

• A)Tracey = $108,000; Gregory = $54,000; Rodgers = $108,000.
• B)Tracey = $90,000; Gregory = $90,000; Rodgers = $90,000.
• C)Tracey = $204,000; Gregory = $102,000; Rodgers = $204,000.
• D)Tracey = $84,000; Gregory = $102,000; Rodgers = $84,000.
• E)Tracey = $60,000; Gregory = $30,000; Rodgers = $60,000.

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Definitions:

Conformity

The act or behavior of aligning one's attitudes, beliefs, or behaviors with those of a group or society.

Group Standard

A set of norms, values, or expectations that are established by a group and guide the behavior and attitudes of its members.

Behavior Adjustment

A process of changing or modifying actions and reactions to achieve a desired outcome or behavior.

Malnourished

A state where a deficiency, excess, or imbalance of energy, protein, and other nutrients causes measurable adverse effects on tissue/body form (body shape, size, and composition) and function.