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Business, 24.12.2019 18:31 alexislringler

Bart contributes $100,000 to the fish partnership for a 40% interest. during the first year of operations, fish has a profit of $20,000. at the end of the first year, fish has outstanding loans from the following banks. first bank (recourse) $10,000 second bank (nonrecourse) 30,000 what is bart's at-risk basis in fish at the end of the first year? a. $112,000 b. $124,000 c. $108,000 d. $100,000

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Bart contributes $100,000 to the fish partnership for a 40% interest. during the first year of opera...
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