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problem: The following data is available regarding John Smith’s capital account in Technology Consulting Group, a general partnership, for a new year:

Beginning of the year balance USD 22,000

His share of the partnership income USD 8,500

Withdrawals made during the year USD 6,000

Determine Smith’s partner return on equity during the year?

[A]     10.8%

[B]     11.4%

[C]     55.7%

[D]     36.6%

[E]     34.7%

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  • Reference No.:- M916339

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