9/ Design Services is organized as a limited partnership, with Miko Toori as one of its partners. Miko's capital account began the year with a balance of $46,100. During the year, Miko's share of the partnership income was $8,600, and Miko received $5,100 in distributions from the partnership. What is Miko's partner return on equity?

Multiple Choice

10.7%

18.0%

11.1%

18.7%

17.3%

10/ Cox, North, and Lee form a partnership. Cox contributes $207,000, North contributes $172,500, and Lee contributes $310,500. Their partnership agreement calls for the income or loss division to be based on the ratio of capital invested. If the partnership reports income of $184,000 for its first year, what amount of income is credited to Lee's capital account? (Do not round your intermediate calculations.)

Multiple Choice

$55,200.

$82,800.

$62,700.

$46,000.

$61,333.

11/ A corporation issued 230 shares of its $5 par value common stock in payment of a $3,100 charge from its accountant for assistance in filing its charter with the state. The entry to record this transaction will include:

Multiple Choice

A $3,100 credit to Common Stock.

A $1,150 debit to Organization Expenses.

A $1,950 credit to Paid-in Capital in Excess of Par Value, Common Stock.

A $3,100 debit to Legal Expenses.

A $3,100 credit to Cash.

12/ A company issued 110 shares of $100 par value common stock for $12,000 cash. The total amount of paid-in capital is:

Multiple Choice

$11,000.

$12,000.

$1,000.

$100.

$1,100.