Examlex
What was the apparent motivation for the Turco-Mongolian warlord named Timur-lenk (or Tamarlane) to conquer vast areas of land?
Partnership Basis
The amount invested in a partnership by each partner, including cash, property, and the partner's share of partnership debt.
Ordinary Income
Income earned from providing services or the sale of goods, taxed at standard rates.
Liquidation
The process of closing a business by selling its assets to pay off remaining debts, possibly leading to a final distribution of cash to stakeholders.
Receivables
Receivables refer to the funds that a company is entitled to receive from customers for goods or services delivered or agreed upon.
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