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.

Question

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.

Quizplus · Accepted Answer

The Answer of 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.

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