Partners g and h form the gh partnership, with g contributing $200,000 cash and h contributing some land with a basis of $600,000 and a fmv of $900,000, subject to a nonrecourse liability of $700,000. they agree to share profits and losses 60% to g and 40% to h. what is h’s share of the liability?

answer; (a) searching for information can be done quickly;

income statement is prepared in order to show the profits and loss of a business. in order to prepare the income statement she should collect all the income and expenses of the product with the cost of production.

hi there, i would say your answer is:

b. there is a fixed quantity of resources and technology available.

hope that : )

answer; read and consider the content of the items;