Please help with this question Jack invested 15,000 cash in a leasing activity for a...
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Please help with this question
Jack invested 15,000 cash in a leasing activity for a 15% ownership share in the business. The remaining 85% owner is Jill. Jill contributed $10,000 and borrows $75,000 that she invests in the business. What is the at-risk amounts for Jack and Jill?
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