MusicPods earnings per share ratios were $2.47 and $2.07 respectively for 2015 and 2014. MusicPods stock was trading at $53.00 and $41.50 per share at the end of 2015 and 2014 respectively. The company paid cash dividends per share of $.85 in 2015 and $.63 in 2014. Total stockholders; equity was $13,572 million and $11,896 million in 2015 and 2014 respectively. The common shares outstanding were approximately 1,782,000 in both 2015 and 2014. MusicPods price/earnings ratio for 2015 is closest to:

A. 21.5

B. 62.4

C. 20.0

D. 2.9

Which of the following statements is true about partnership accounting?

A. A particular partners capital account is debited when a withdrawal takes place by that partner.

B. Through the closing entry process for a partnership, a positive net income results in an increase in overall partner capital.

C. The drawings account balances are subtracted to arrive at the net income to allocate to the partners.

D. The drawings account is closed to retained earnings at the end of the period.