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Julie and Kate form an equal partnership during the current year.Julie contributes cash of $160,000,and Kate contributes property (adjusted basis of $90,000,fair market value of $260,000) subject to a nonrecourse liability of $100,000.As a result of these transactions,Kate has a basis in her partnership interest of $90,000.
Backup
A method for making copies of data or files to protect them from loss or damage.
Modified Wave
A scheduling strategy that combines patients with scheduled appointments and walk-ins to improve flow and efficiency in settings like clinics.
Exclusive Provider Organization
A managed care plan where services are covered only if you use doctors, specialists, or hospitals in the plan's network, except in an emergency.
Health Maintenance Organization
A type of health insurance plan that often requires members to access healthcare services from a specific network of providers.
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