Examlex
Nita is a devoted Coca-Cola consumer,whereas Becky can drink either Coca-Cola or Pepsi products.Nita's demand for Coca-Cola will be relatively more ________,while Becky's demand will be relatively more ________.
Partnership Capital
Partnership capital represents the total equity invested by all partners in a partnership firm, reflecting their pooled capital contributions to the business.
Bonus
When a new partner is admitted, he or she may pay more or less than equity interest. If the new partner pays more, the old partners share a bonus in the profit and loss ratio. Of course, the opposite could result, and the new partner could receive a bonus if he or she invests less than equity interest.
Fair Market Value
The value at which an asset would be sold in a competitive bidding environment.
Capital Account
A financial statement that shows the changes in ownership interest of a country or an organization.
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