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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Which of the following refers to a set of procedures in which the sample size and sample statistics are used to make estimates of population values or facts?

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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

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