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Question - Partners Nhel and Rey have a capital balances of 65,000 and 45,000 respectively. They decided to admit Vic into their partnership who shall give an equipment having a cost of 70,000, accumulated depreciation of 25,000 and fair value of 50,000, for a 30% interest in the partnership. How much is the capital of Nhel right after the admission?
a. 57,500
b. 57,750
c. 55,000
d. 50,000
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on october 1 2012 holmgren chemical was identified as a potentially responsible party by the environmental protection
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