A limited partner (LP) invests $100,000 in a limited partnership with a nonrecourse note for $300,000. The partnership liquidates and the LP receives $100,000. His loss for tax purposes is:
A) 0
B) 100000
C) 300000
D) 200000
Ans: A) 0
Business
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A) sample logic B) deductive statistics C) statistical deduction D) generalization E) deductive logic
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If the market rate of interest is greater than the stated rate, then the bonds are issued at a(n) ____________________
Fill in the blank(s) with correct word
Business