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CHECK FIGURES: 1c. Conway: $146,400; Chan: $125,600; Scott: $88,000 Ben Conway, Ida Chan, and Clair Scott formed CCS Consulting by making capital contributions of $245,000,

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CHECK FIGURES: 1c. Conway: $146,400; Chan: $125,600; Scott: $88,000 Ben Conway, Ida Chan, and Clair Scott formed CCS Consulting by making capital contributions of $245,000, $280,000, and $175,000, respectively. They anticipate annual profit of $360,000 and are considering the follow- ing alternative plans of sharing profits and losses: a. Equally; b. In the ratio of their initial investments; or c. Salary allowance of $110,000 to Conway, $85,000 to Chan, and $60,000 to Scott and interest allowances of 12% on initial investments, with any remaining balance shared equally

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