The Statement of Partners' Equity for the Allied Centre reported the following information in total: The partnership has three partners: Hum, Pippy, and Collis with ending capital balances in a ratio of 40:20:40. What are the respective ending balances of the three partners?
A) Hum, $ 40,000; Pippy, $ 20,000; Collis, $ 40,000
B) Hum, $ 36,000: Pippy, $ 18,000; Collis, $ 36,000
C) Hum, $ 68,000; Pippy, $ 34,000; Collis, $ 68,000
D) Hum, $ 48,000; Pippy, $ 24,000; Collis, $ 48,000

Question

The Statement of Partners' Equity for the Allied Centre reported the following information in total:  The partnership has three partners: Hum, Pippy, and Collis with ending capital balances in a ratio of 40:20:40. What are the respective ending balances of the three partners?
A) Hum, $ 40,000; Pippy, $ 20,000; Collis, $ 40,000 
B) Hum, $ 36,000: Pippy, $ 18,000; Collis, $ 36,000 
C) Hum, $ 68,000; Pippy, $ 34,000; Collis, $ 68,000 
D) Hum, $ 48,000; Pippy, $ 24,000; Collis, $ 48,000

Quizplus · Accepted Answer

The Answer of The Statement of Partners' Equity for the Allied Centre reported the following information in total:  The partnership has three partners: Hum, Pippy, and Collis with ending capital balances in a ratio of 40:20:40. What are the respective ending balances of the three partners?
A) Hum, $ 40,000; Pippy, $ 20,000; Collis, $ 40,000 
B) Hum, $ 36,000: Pippy, $ 18,000; Collis, $ 36,000 
C) Hum, $ 68,000; Pippy, $ 34,000; Collis, $ 68,000 
D) Hum, $ 48,000; Pippy, $ 24,000; Collis, $ 48,000

The Statement of Partners' Equity for the Allied Centre Reported