Question: Ted is a 1 0 % partner in a partnership that has $ 4 0 , 0 0 0 of debts and the following assets:

Ted is a 10% partner in a partnership that has $40,000 of debts and the following assets:
\table[[,Basis,Value],[Cash,$60,000,$60,000
Ted is a 10% partner in a partnership that has $40,000

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