Examlex
Generally,gain is recognized on a proportionate current or liquidating distribution only if the cash distributed exceeds the partner's basis in the partnership interest.For this purpose,relief of a partner's share of a liability is treated as a distribution of cash,and marketable securities distributed may be treated as cash.
Infinite Energy
A hypothetical concept suggesting an unlimited or inexhaustible source of power.
Adolescent Brain
The developing brain of an individual in the teenage years, marked by significant growth and changes.
Risk Taking
The act of engaging in behaviors or decisions that have a potential for undesirable outcomes in pursuit of a desired result.
Piaget's Formal Operations
A stage in Jean Piaget's theory of cognitive development, occurring from age 12 onwards, where an individual develops the ability to think abstractly, logically, and systematically.
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