The net worth of the medical practice is given as
net worth =$15,000
This is further explained below.
Generally, the net worth
net worth= $20,000 - $5,000
net worth =$15,000
In conclusion, A bona fide, integrated business entity is what is meant by the term "medical practice." This could be an entity in which multiple physicians work together as partners, shareholders, owners, members, or employees, or it could be an entity in which only one physician works there and practices medicine.
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