Paul invests $10,000 cash in an equipment leasing activity for a 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) Option A
B) Option B
C) Option C
D)Option D

Question

Paul invests $10,000 cash in an equipment leasing activity for a 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) Option A 
B) Option B 
C) Option C 
D)Option D

Quizplus · Accepted Answer

The Answer of Paul invests $10,000 cash in an equipment leasing activity for a 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) Option A 
B) Option B 
C) Option C 
D)Option D

Paul Invests $10,000 Cash in an Equipment Leasing Activity for a 15