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Paul invest 10000 cash in an equipment leasing activity for

Question - Paul invest $10,000 cash in an equipment leasing activity for 15% ownership share in the business. The remaining 85% owner is Amanda. Amanda contributes $10,000 and personally borrows $75,000 that she also invests in the business. What are the at-risk amounts for Paul and Amanda?

a. Paul $10,000 Amanda $10,000

b. Paul $10,000 Amanda $85,000

c. Paul $10,000 Amanda $73,750

d. Paul $21,250 Amanda 73,750

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Accounting Basics: Paul invest 10000 cash in an equipment leasing activity for

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