In 2012 shera invested 20000 in a cattle-feeding, Ask an Expert

Accounting

In 2012, Shera invested $20,000 in a cattle-feeding partnership that used nonrecourse notes to purchase $100,000 of feed, which was used to feed the cattle and expensed. If Shera's share of the expense was $30,000, what is the most that Donald can deduct in 2012?

a. $10,000

b. $20,000

c. $30,000

d. $100,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M950493

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