Mike purchases a rental property for $200,000 and takes out a loan from a lending institution to

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Mike purchases a rental property for $200,000 and takes out a loan from a lending institution to finance half of the purchase, or $100,000. The loan is considered to be qualified nonrecourse financing. What is Mike's at-risk amount?

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Applying International Financial Reporting Standards

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Posted Date: Apr 12, 2020 09:02 AM

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Mike purchases a rental property for $200,000 and takes out a loan from a lending institution to

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