Bart Contributes $100,000 to the Tuna Partnership for a 40

question 93

Multiple Choice

Bart contributes $100,000 to the Tuna Partnership for a 40% interest.During the first year of operations,Tuna has a profit of $20,000.At the end of the first year,Tuna has outstanding loans from the following banks.

What is Bart's at-risk basis in Tuna at the end of the first year?

• A)$100,000.
• B)$108,000.
• C)$112,000.
• D)$124,000.
• E)None of the above.

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Definitions:

Heterogeneous Catalysts

Catalysts that exist in a different phase than the reactants in a chemical reaction, facilitating the reaction without being consumed.

Chromatographically

Pertaining to chromatography, a method for separating components of a mixture based on differences in their movement through a stationary medium.

Filtration

A process used to separate solids from liquids or gases using a filter medium that allows the fluid to pass but not the solid.

Zero-Order Reaction

A chemical reaction whose rate is independent of the concentration of the reactant(s).