Paul and Roger Are Partners Who Share Income in the Ratio

Multiple Choice

Paul and Roger are partners who share income in the ratio of 3:2. Their capital balances are $90,000 and $130,000, respectively. The partnership generated net income of $50,000 for the year. What is Roger's capital balance after closing the revenue and expense accounts to the capital accounts?

A) $155,000
B) $150,000
C) $110,000
D) $115,000