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 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
Correct Answer:
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