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What is the fair value option as defined in FASB ASC 825‐10‐10?
Withdrawals
Withdrawals denote the act of taking out money from an account, or the amount of capital taken out by the owner from the business for personal use.
Sole Proprietorship
A type of business organization that has one owner. The owner is personally liable for paying the business’s debts.
Visa Card
A branded payment card that allows users to make transactions electronically, withdrawing funds from the cardholder's account.
Company Check
A company check is a check issued by a business from its own account to pay for goods, services, or obligations.
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