At-risk amount $
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Nuan invests $62,000 cash in Sideline Partnership and becomes a 30% general partner. Sideline buys and sells apartment buildings and commercial buildings. The partnership has $140,000 of recourse debt and $220,000 of qualified nonrecourse debt. What is Nuan's at-risk amount in Sideline Partnership?
At-risk amount
$
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