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In January, Daryl and Louis form a partnership with each contributing $75,000 in cash. The partnership agreement provides that Daryl would receive a guaranteed payment for salary of $20,000 and that partnership profits and losses (computed after deducting Daryl's salary)would be shared equally. For the year, the partnership's operations result in an $18,000 ordinary loss after payment of Daryl's guaranteed payment. The partnership has no outstanding liabilities at year-end. What is the basis amount of Daryl's partnership interest at year-end?
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A demographic indicator that measures the number of infant deaths (children under the age of one) per 1,000 live births in a given year.
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Distinct territorial bodies or nations recognized as independent states, with their own governments and specific geographic boundaries.
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A system of healthcare based on the application of scientific knowledge, including diagnosis, treatment, and prevention of disease.
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