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In a proportionate liquidating distribution in which the partnership is also liquidated, Ralph received cash of $30,000, accounts receivable (basis of $0, fair market value of $20,000), and equipment (basis of $0, fair market value of $10,000).Immediately before the distribution, Ralph's basis in the partnership interest was $40,000.Ralph realizes and recognizes a loss of $10,000, and his basis is $0 in both the accounts receivable and the equipment.
Temper Tantrum
An emotional outburst, typically observed in young children, characterized by yelling, crying, and negative behaviors, often in response to frustration or unmet desires.
Operant Conditioning
A simple form of learning in which an organism learns to engage in behavior that is reinforced.
Positive Reinforcer
A reinforcer that, when applied, increases the frequency of a behavior.
Bicycle Riding
The act of operating and balancing on a bicycle, which involves coordinating movement and maintaining stability.
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