Partners Randy and Mary Each Have $3,000 Capital Balances and Share

Partners Randy and Mary each have $3,000 capital balances and share income and losses in a 2:1 ratio for Randy and Mary, respectively. Cash equals $5,000, noncash assets total $13,000, and liabilities are $5,000. If all the noncash assets are sold for $10,000, Mary's capital account will: (Round your answer to the nearest dollar.)

A) increase by $5,333.
B) decrease by $1,000.
C) decrease by $2,000.
D) increase by $2,667.

Correct Answer:

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