Carter Pearson is a partner in Event Promoters. His beginning partnership capital balance for the current year is $56,300, and his ending partnership capital balance for the current year is $63,300. His share of this year's partnership income was $6,550. What is his partner return on equity? Multiple Choice O O O O O 10.35% 10.95% 8.60% 10.35% 10.95% 8.60% 11.63% 9.66%

Carter Pearson is a partner in Event Promoters. His beginning partnership capital balance for the current year is $56,300, and his ending partnership capital balance for the current year is $63,300. His share of this year's partnership income was $6,550. What is his partner return on equity? Multiple Choice O O O O O 10.35% 10.95% 8.60% 10.35% 10.95% 8.60% 11.63% 9.66%

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter15: Partnership Accounting

Section: Chapter Questions

Problem 11MC: Thandie and Marco are partners with capital balances of $60,000. They share profits and losses at...

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