Kindly assist with the solving of this problem. Thank you. Juiz 13- Connectmap/index.html?_con%3Dcon&external_browser3D0&launchUrl=https%253A%252F%252Fnewconne..iz 13 iSavedHelpSave & ExitProblem 13-37 (LO 13-1)Cindy, Casey, and Kara each invested $30,500 in a real estate venture. The partnership borrowed $222,000 and purchased awarehouse for $313,500. The note was secured by the building; there was no personal recourse against the partners.Required:What is each partner's beginning at-risk amount in the venture? (Do not round intermediate calculations. Round your final answer tothe nearest whole dollar amount.)Beginning at-risk amount of each partnerScore answer2 of 14Prey

Partner's at risk amount is partner's capital reduced by personal borrowing or borrowing which is on…

52Fnewconne. Saved Help Save & Exit Problem 13-37 (LO 13-1) Cindy, Casey, and Kara each invested $30,500 in a real estate venture. The partnership borrowed $222,000 and purchased a varehouse for $313,500. The note was secured by the building; there was no personal recourse against the partners. Required: What is each partner's beginning at-risk amount in the venture? (Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount.) Beginning at-risk amount of each partner

52Fnewconne. Saved Help Save & Exit Problem 13-37 (LO 13-1) Cindy, Casey, and Kara each invested $30,500 in a real estate venture. The partnership borrowed $222,000 and purchased a varehouse for $313,500. The note was secured by the building; there was no personal recourse against the partners. Required: What is each partner's beginning at-risk amount in the venture? (Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount.) Beginning at-risk amount of each partner

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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