Padme invested $300,000 for a 30% interest in a partnership in which she is a general partner. The partnership borrowed $200,000 from the bank. a. If the $200,000 is nonrecourse financing, calculate Padme’s at-risk amount? b. If the $200,000 is qualified nonrecourse financing, calculate Padme’s at-risk amount? c. If the $200,000 is recourse financing, calculate Padme’s at-risk amount?
Padme invested $300,000 for a 30% interest in a partnership in which she is a general partner. The partnership borrowed $200,000 from the bank. a. If the $200,000 is nonrecourse financing, calculate Padme’s at-risk amount? b. If the $200,000 is qualified nonrecourse financing, calculate Padme’s at-risk amount? c. If the $200,000 is recourse financing, calculate Padme’s at-risk amount?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Padme invested $300,000 for a 30% interest in a
a. If the $200,000 is nonrecourse financing, calculate Padme’s at-risk amount?
b. If the $200,000 is qualified nonrecourse financing, calculate Padme’s at-risk amount?
c. If the $200,000 is recourse financing, calculate Padme’s at-risk amount?
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