Partner's interest in a partnership is generally equal to:

a. The fair value of net assets at date of contribution

b. The sum of the fair values of the assets the partner contributes to the firm,

increased by any liabilities of other partners assumed and decreased by any

personal liabilities that are assumed by other partners

c. The sum of the bases of the individual assets the partner contributes to the

firm, decreased by the partner's share of partnership liabilities

d. The unamortized cost of the assets to the partner