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How much is the ending capital balance of partner

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Problem 1: Partner A has a beginning capital balance $10,000. Drawing limit is $5,000. Partner A withdraws $12,000 during the year and his new contribution to the partnership is $3,000. Net income allocation to Partner A is $4,500. How much is the ending capital balance of Partner A?

a. 9,000
b. 10,500
c. 17,500
d. 5,500

Reference no: EM132821581

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