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12. An LLC borrows $100 from a bank. At the end of the LLC's tax year, the $100 principal on the promissory note is still
12. An LLC borrows $100 from a bank. At the end of the LLC's tax year, the $100 principal on the promissory note is still outstanding (i.e. still owed to the bank). The note was signed only by both A and B as managers. A and B individually guaranteed the note. How much recourse and/or nonrecourse debt is allocated to each member? A B Nonrecourse Recourse
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