Moe, Larry and Curly are partners in the 3S Company. Their profit and loss sharing relationship...
Moe, Larry and Curly are partners in the 3S Company. Their profit and loss sharing relationship is 6:4:2. Larry's share of $48,000 in partnership income would be:
| $19,200 |
| $24,000 |
| $32,600 |
| $16,000 |
Homework Answers
solution
given data
Moe, Larry and Curly are company partners.these three members profit and loss share relation is 6:4:2
Larry's share of $48,000 in partnership
the share of the larrys is
Larry's share =$48,000/12*4
= $16,000
So the option is $16,000
THANK YOU
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