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on june 11, isaac contributed $7,500 for 20% interest in a general partnership, abe's bagels. the partnership took out a loan for $19,000 on aug

on june 11, isaac contributed $7,500 for 20% interest in a general partnership, abe's bagels. the partnership took out a loan for $19,000 on aug 1. isaac's distributive share for the year was $4,200. what is his ending basis for the partnership?

a. $7,500

b. $11,700

c. $15,500

D. $30,700

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