Question - The NG partnership has one general partner (Nicholas) and one limited partner (Guthrie). They each have an ending adjusted basis before liability allocations of $100,000. Year end liabilities are as follows: Recourse=$400,000 and nonrecourse is $300,000. Their profit/loss sharing ratios are 60% for Nicholas and 40% for Guthrie. What is Nicholas' ending outside basis?
A. $500,000
B. $520,000
C. $680,000
D. $100,000
E. None of the above