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Jane contributes land with an FMV of $100,000 and a basis of $40,000 to the Green Partnership in exchange for a 25% partnership interest. The partnership assumes the $80,000 mortgage on the land. Mary has a 25% share of partnership liabilities. The Green Partnership has $8,000 in liabilities immediately before Jane's contribution. What is Jane's basis in her partnership interest?
Main Effect
In the context of experimental design, it refers to the primary impact of an independent variable on a dependent variable, ignoring other variables.
Interaction Effect
Occurs when the effect of one independent variable on the dependent variable changes based on the level of another independent variable.
Crime Area
A region or locality with high incidence of criminal activity.
Main Effect
The direct impact of an independent variable on a dependent variable, disregarding the effects of or interactions with other variables.
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