Multiple Choice
During the current year,Jacob,Alicia,and Shawn,who are partners in the JAS Company,had average capital balances of $57,000,$49,000,and $64,000,respectively.The partners share profits and losses by allowing a 12% return on average capital,with any remaining income or loss divided in a ratio of 5:3:2.If the company's income for the current year was $73,800,Shawn's capital account would increase by:
A) $14,760
B) $18,360
C) $22,440
D) $27,784
Correct Answer:

Verified
Correct Answer:
Verified
Q17: Moe,Larry and Curly are partners in the
Q18: A stock dividend does all of the
Q19: All of the following statements regarding preferred
Q20: Preferred stock with a $50 par value
Q21: The date which determines eligibility to receive
Q23: Which of the following is not a
Q24: Zathras Corporation has 2,000,000,$1 par shares of
Q25: Callisto began 2000 with 100,000 shares of
Q26: Which of the following computations will determine
Q27: Which of the following statements is true