Regina Harrison Is a Partner in Pressed for Time

question 79

Multiple Choice

Regina Harrison is a partner in Pressed for Time. An analysis of Regina Harrison's capital account indicates that during the most recent year, she withdrew $20,000 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) $124,000
• B) $144,000
• C) $192,000
• D) $176,000
• E) $134,000

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Definitions:

Babinski Reflex

A reflex action in humans where the big toe extends upward when the sole of the foot is stimulated, typical in infants.

Palmar Grasp

A reflex in infants that causes them to tightly close their hands into a fist when the palm is touched.

Swimming

The act or sport of propelling oneself through water using the limbs.

Stepping Reflexes

Automatic walking movements made by infants when held upright with their feet touching a solid surface.