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Fellows and Marshall are partners in an accounting firm and share net income and loss equally. Fellows beginning partnership capital bolonce for the current year

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Fellows and Marshall are partners in an accounting firm and share net income and loss equally. Fellows beginning partnership capital bolonce for the current year is $302,000, and Marshall's beginning partnership capital balance for the current year is $340,000. The partnership had net income of $253,000 for the year. Fellows withdrew $90,000 during the year and Marshall withdrew $29,000. What is Marshali's return on equity? Multiple Choice 372% 1639 28.9n 34.2x 32.5% capital balances are Caltin, \$131,000; Chris, \$91,000; and Molly, $111,000. Poul is admitted to the parthership on July i wath a 158 ; equity and invests 5171,000 . The balance in Caitin's capital account immediately after Paurs admission is: Muttipie Choice sin1000 $159620 5120860 5130.620 5102,380 Maxwell and Smart are forming a partnership. Marwell is investing a building that has a market value of $92,000. However the bualding has a 544000 note payable that will be assumed by the partnership. Smart is investing $45,000 cash, The balance of Marwelis Capital accourt wil be Muitiple Choice 593.000. $98,000 $44.000 $92.000 $47000 Fontaine and Monroe are forming a partnenhip. Fontaine invests a bulding that has a market value of $340,000 and a $120,000 note payable. Monroe invests $95,000 in cash and equipment that has a market value of $70,000. For the partnership, the amount recorded for Fontaines Capital account is. Multipie Choice $120000 $460,000. $220000. 595.000 $340000

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