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Dr. Ramir teaches a team of athletes how to relax, how to ignore distractions, and how to cope with their emotions. He also provides personal counseling for performance-lowering stresses and conflicts. Dr. Ramir is most likely a(n) __________ psychologist.
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The amount paid for an asset, used to determine gain or loss for tax purposes upon sale or other disposition.
Recognized Gain
The portion of gain that is subject to tax after the sale or exchange of an asset, calculated as the difference between the asset's adjusted basis and its sale price.
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Payments made to shareholders or partners by a corporation or partnership as it dissolves, distributing its assets.
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