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Operating leases are preferred over capital leases because capital leases increase a company's debt ratio.
Partnership Property
Assets owned collectively by partners in a partnership, intended for use in the business and subject to the partnership agreement.
Partnership's Assets
The resources owned by a partnership that are used in its business operations.
General Partners
Individuals or entities who manage the business and are personally liable for the partnership's debts.
Limited Partners
Investors in a partnership who are not involved in the daily operations of the business and whose liability is restricted to the amount of their investment.
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