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Hal transferred land having a $160,000 FMV and a $75,000 adjusted basis which is subject to a $150,000 mortgage in exchange for a one-third interest in the HEF Partnership.Hal acquired the land ten years ago.The partnership owes no other liabilities.Hal,Ellen,and Felix share profits and losses equally and each has an one-third interest in partnership capital.Hal's basis in the one-third partnership interest is
Receptor Cells
Specialized cells that convert external stimuli into electrical signals for the nervous system to process.
Opponent-process Theory
Opponent-process theory is a psychological and neurological model that describes how the perception of one stimulus (color, emotion, pain) is dependent on the opposite function of its pair.
Ewald Hering
A 19th-century German physiologist who proposed the opponent-process theory of color vision.
Young-Helmholtz Theory
A theory of color vision that proposes the eye detects colors through the relative rates of response by three kinds of cones, each one sensitive to different wavelengths of light.
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