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Bart Contributes $200,000 to the Fish Partnership for a 40

question 55

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Bart contributes $200,000 to the Fish Partnership for a 40% interest.During the first year of operations,Fish has a profit of $60,000.At the end of the first year,Fish has outstanding loans from the following banks. Bart contributes $200,000 to the Fish Partnership for a 40% interest.During the first year of operations,Fish has a profit of $60,000.At the end of the first year,Fish has outstanding loans from the following banks.   What is Bart's at-risk basis in Fish at the end of the first year? A) $200,000. B) $212,000. C) $224,000. D) $236,000. E) None of the above. What is Bart's at-risk basis in Fish at the end of the first year?


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