Examlex
In determining a partner's basis in the partnership interest, which of the following reflects a correct adjustment?
Water Boils
The transformation of water from liquid to gas phase, occurring at 100°C (212°F) at sea level.
Hydrogen Ions
Positively charged atoms of hydrogen, which contribute to acidity when present in high concentrations in solutions.
Acids
Substances that release hydrogen ions (H+) when dissolved in water, typically having a sour taste and capable of turning blue litmus paper red.
Bases
Chemical substances that can accept hydrogen ions (H+) and are characterized by a pH greater than 7 when dissolved in water.
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