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

question 26

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.