which of the following items decreases a partners at risk basis 1 a borrowed amount,...

70.2K

Verified Solution

Question

Accounting

which of the following items decreases a partners at risk basis

1 a borrowed amount, secured by property used outside activity, contributed by a partner

2 cash contributed to the partnership by the partner

3 cash distributed to the partner by the partnership

4 the partners distributive share of net gains from the partnership

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students