The partnership of Larry,Moe,and Curly shares profits and losses 60%,30%,and 10%,respectively.On January 1,2017,the partners voted to dissolve the partnership,at which time the assets,liabilities,and capital balances were as follows: All of the partners are personally insolvent.
Assume that all noncash assets are sold for $840,000 and all available cash is distributed in final liquidation of the partnership.Cash should be distributed to the partners as follows:

Question

The partnership of Larry,Moe,and Curly shares profits and losses 60%,30%,and 10%,respectively.On January 1,2017,the partners voted to dissolve the partnership,at which time the assets,liabilities,and capital balances were as follows:  All of the partners are personally insolvent.
Assume that all noncash assets are sold for $840,000 and all available cash is distributed in final liquidation of the partnership.Cash should be distributed to the partners as follows:

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The Answer of The partnership of Larry,Moe,and Curly shares profits and losses 60%,30%,and 10%,respectively.On January 1,2017,the partners voted to dissolve the partnership,at which time the assets,liabilities,and capital balances were as follows:  All of the partners are personally insolvent.
Assume that all noncash assets are sold for $840,000 and all available cash is distributed in final liquidation of the partnership.Cash should be distributed to the partners as follows:

The Partnership of Larry,Moe,and Curly Shares Profits and Losses 60%,30%,and