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3 Moe, Larry and Curly have a partnership. As of 12/31 of the current year, before closing their capital balances are as follows Moe Lar
3 Moe, Larry and Curly have a partnership. As of 12/31 of the current year, before closing their capital balances are as follows Moe Lar Curl The division of income/loss is as follows $ 80,000 $ 24,000 32,000 Interest on Capital Balance Sharing Ratio Income/Loss Moe Lar Curl Salar $20,000 $12,000 5% 5% 5% 59% 18% 23% a Indicate how much each will receive if the partnership income is b Indicate how much each will receive if partnership income 64,000 5,000
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