During the Current Year,Chris,Casey,and Steve,who Are Partners in the CCS

Multiple Choice

During the current year,Chris,Casey,and Steve,who are partners in the CCS Company,had average capital balances of $39,000,$43,000,and $55,000,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 7:5:3.If the company's income was $8,940,Casey's capital account would:

A) increase by $2,980
B) decrease by $2,806
C) increase by $2,660
D) decrease by $2,500