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WorldCom CEO Bernie Ebbers is in prison for siphoning off billions of dollars to support an extravagant lifestyle and bankrupting the company in the process.
Capital Accounts
Accounts that track the equity ownership of partners or shareholders in a business, reflecting contributions, withdrawals, and the share of profits or losses.
Ownership Equity
Refers to the residual interest in the assets of an entity after deducting liabilities, representing the owner's claim on the business.
Capital Balances
The amount of equity each partner or owner has in a business, reflecting contributions, withdrawals, and their share of profits or losses.
Capital Balances
Capital balances refer to the amounts of money or financial resources that owners have invested in a business, represented in the equity section of the balance sheet.
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