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What if, instead, in Year 3, the partnership borrows an additional $100, using the building...

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Accounting

What if, instead, in Year 3, the partnership borrows an additional $100, using the building as security, and distributes the cash to the partners in the ratio of 10/90, in accordance with the partnership agreement. What is the aggregate partnership minimum gain at the end of the year, and what is each partners share of PMG? If the partnership then sells the building on January 1, Year 4, what are the appropriate allocations and distributions?

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