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partners. Leo is contributing land which is currently encumbered by nonrecourse debt and no cash. Mike is contributing his marketing services in exchange for a
partners. Leo is contributing land which is currently encumbered by nonrecourse debt and no cash. Mike is contributing his marketing services in exchange for a capital interest in the partnership and cash. Donny is contributing custombuilt machinery which is currently encumbered by nonrecourse debt and cash. Raph is contributing a van which is currently encumbered by nonrecourse debt and cash. Required: Complete the table using cell references. HINT: Utilize IF functions to properly calculate Nonrecourse Debt Excess 
partners.
Leo is contributing land which is currently encumbered by nonrecourse debt and no cash.
Mike is contributing his marketing services in exchange for a capital interest in the partnership and cash.
Donny is contributing custombuilt machinery which is currently encumbered by nonrecourse debt and cash.
Raph is contributing a van which is currently encumbered by nonrecourse debt and cash.
Required:
Complete the table using cell references.
HINT: Utilize IF functions to properly calculate Nonrecourse Debt Excess
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