Cindy, Casey, and Kara each invested $30,000 in a real estate venture. The partnership borrowed $200,000 and

Question:

Cindy, Casey, and Kara each invested $30,000 in a real estate venture. The borrowed $200,000 and purchased a warehouse for $290,000. The note was secured by the building; there was no personal recourse against the partners. What is each partner's beginning at-risk amount in the venture?
Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...