Which of the Following Statements About FQHC's Is/are TRUE

question 6

Multiple Choice

Which of the following statements about FQHC's is/are TRUE?

• A) FQHC's began in 1965 as Neighborhood Health Centers
• B) FQHC's transitioned through several organizational changes over 3 decades with their current form emanating from the Health Center Consolidation Act of 1996
• C) FQHC's target low-income populations
• D) FQHC's are funded by federal grants through section 330 of the Public Health Service Act
• E) All of the above

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Definitions:

Partnership Interest

An ownership share in a partnership that represents the holder's stake in the partnership's profits, losses, and capital.

FMV

Fair Market Value, the price that a willing buyer and seller would agree on when both parties are informed and under no pressure to trade.

FMV

Fair Market Value, the price at which a property would sell under normal conditions.

Basis

The amount of investment in property for tax purposes, used to calculate gain or loss on the sale, exchange, or other disposition of the property.