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One advantage of a partnership over a corporation is:
Capital
Refers to financial assets or resources that individuals, companies, or governments use to fund their operations and invest in their own growth.
Classification
The systematic arrangement of business transactions or accounts into categories for reporting and analysis purposes.
Normal Balance
The side (debit or credit) of an account that is expected to have a higher balance based on accounting rules.
Accounts Payable
Liabilities or amounts owed by a business to its suppliers for goods and services received but not yet paid for.
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