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After this successful year, another local business owner, who has extensive technology expertise in your industry, makes a proposal to join your company. You and
After this successful year, another local business owner, who has extensive technology expertise in your industry, makes a proposal to join your company. You and your friend dscuss the proposal, and determine that his expertise could really benefit your companys growth You obtain a third party business appraisal, revalue assets and your resulting capital accounts are $475,000 You agree that vou will admit this new partner for $173.000 for a 25% cwnershi count after admittance? What he total amount oredited to his Capital a What is the balance in vour capital account after admittance? What is the balance in your friend's capital account after admittance? This is Part 1 of 3, of the Company praject there is due on March 24th
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