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The revision process requires a determination of whether:
Partnership Capital
The total amount of resources contributed by partners to a partnership for the purpose of starting or expanding the business.
Partner's Contribution
Refers to the resources (capital, property, expertise) a partner brings into a partnership.
Corporation
A legal entity recognized by law as a separate entity from its owners with its own rights, liabilities, and obligations.
Board of Directors
A group of individuals elected to represent shareholders and govern the corporation's affairs and decision-making processes.
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