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Judy owns a 20% interest in a partnership (not real estate) in which her at-risk amount was $35,000 at the beginning of the year. The partnership borrowed $50,000 on a recourse note and made a $40,000 profit during the year. Her at-risk amount at the end of the year is $43,000.
Multiple Exposure
A photography technique that combines two or more exposures into a single image to produce surrealistic effects.
Corrosive
Corrosive substances are those that can destroy or irreversibly damage another substance by chemical reaction upon contact.
Teratogen
An agent or factor that can cause malformation of an embryo or fetus, potentially leading to birth defects.
Birth Defects
Conditions that are present at birth, resulting in structural or functional anomalies that cause physical or mental disabilities; they can be caused by genetic factors, environmental exposure, or unknown reasons.
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