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question T. Conway, J. Chan, and S. Segal entered into a partnership called Chaos Consulting by making capital contributions for $490,000, $560,000 and $350,000 respectively.
question T. Conway, J. Chan, and S. Segal entered into a partnership called Chaos Consulting by making capital contributions for $490,000, $560,000 and $350,000 respectively. It is anticipated that annual net income for the year will be $780,000. The partners are considering the following alternative plans of sharing net incomes and losses: a) Equally b) In the ratio of their initial investments c) Salary allowances of $190,000, to Conway, $92,000 for Chan and $120,000 to Segal and interest allowances of 12% on initial investments, with any remaining balance shared equally Paragraph B TEE Your calculations and answers for a) I question T. Conway, J. Chan, and S. Segal entered into a partnership called Chaos Consulting by making capital contributions for $490,000, $560,000 and $350,000 respectively. It is anticipated that annual net income for the year will be $780,000. The partners are considering the following alternative plans of sharing net incomes and losses: a) Equally b) In the ratio of their initial investments c) Salary allowances of $190,000, to Conway, $92,000 for Chan and $120,000 to Segal and interest allowances of 12% on initial investments, with any remaining balance shared equally Paragraph B TEE Your calculations and answers for a)
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