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Conway, Chan, and Clair Scott formed CCS Consulting this year by making capital contributions of $ 2 5 2 , 0 0 0 , $
Conway, Chan, and Clair Scott formed CCS Consulting this year by making capital contributions of $ $ and $ respectively. Per the partnership agreement, the partners will have salary allowances of to conway to chan and to scott. also epartner will have interest allowances of on their initial investments with any remaining balance shared equally. they made profit of Required: Use the schedule to show how a profit of would be distributed to the three partners.
Conway, Chan, and Clair Scott formed CCS Consulting this year by making capital contributions of $ $ and $ respectively. Per the partnership agreement, the partners will have salary allowances of to conway to chan and to scott. also epartner will have interest allowances of on their initial investments with any remaining balance shared equally. they made profit of Required: Use the schedule to show how a profit of would be distributed to the three partners.
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