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Brian is a shareholder of J&J, Inc. a C corporation. He is one of two shareholders of the corporation. Brian initially paid $25,000 for his
Brian is a shareholder of J&J, Inc. a C corporation. He is one of two shareholders of the corporation. Brian initially paid $25,000 for his shares in J&J. Since then, he has contributed property with an adjusted basis of $25,000 to the corporation. In January, he loaned the corporation $10,000 that he had personally borrowed from his bank. What is Brian's at-risk amount? Question 37Select one: a. $50,000 b. $60,000 c. $25,000 d. $10,000
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