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A Partner Owner)who Invests Money in a Business,does Not Take

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A partner owner) who invests money in a business,does not take an active role in managing the operation,and is only subject to losing the funds he/she invested.


Definitions:

Company

A legal entity formed by individuals, stockholders, or shareholders, with the purpose of operating for profit, engaging in commercial and industrial activities.

Straight-Line Amortization

A method of allocating the cost of an intangible asset evenly over its useful life.

Bond Payable

A long-term liability account that represents the amount a company owes to bondholders, to be repaid at a future date.

Issue Price

The issue price is the price at which a company's securities, such as stocks or bonds, are first offered for sale to the public when they are issued.

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