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    Fundamental Accounting Principles
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    Exam 12: Accounting for Partnerships
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    The Following Information Is Available Regarding John Smith's Capital Account
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The Following Information Is Available Regarding John Smith's Capital Account

Question 1

Question 1

Multiple Choice

The following information is available regarding John Smith's capital account in Technology Consulting Group,a general partnership,for a recent year:
The following information is available regarding John Smith's capital account in Technology Consulting Group,a general partnership,for a recent year:   What is Smith's partner return on equity during the year in question? A) 36.6% B) 34.7% C) 10.8% D) 11.4% E) 55.7% What is Smith's partner return on equity during the year in question?


A) 36.6%
B) 34.7%
C) 10.8%
D) 11.4%
E) 55.7%

Correct Answer:

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