Regina Harrison is a partner in Pressed for Time. An analysis of Regina Harrison’s capital account… 1 answer below »
Regina Harrison is a partner in Pressed for Time. An analysis of Regina Harrison's capital account indicates that during the most recent year, she withdrew $20,000 from the partnership. Her share of the partnership's net loss was $16,000 and she made an additional equity contribution of $10,000. Her capital account ended the year at $150,000.
What was her capital balance at the beginning of the year?
a. $124,000
b. $144,000
c. $192,000
d. $176,000
e. $134,000
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