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Hinge joints permit movement in only two planes.
Common Stock
A type of security representing ownership in a corporation, giving holders a share of profits in the form of dividends and voting rights in corporate matters.
Liability Accounts
Financial obligations or debts of a business that are recorded on its balance sheet.
Asset Accounts
These accounts record resources owned or controlled by a company that have economic value and can provide future benefits.
Debit Side
The left side of a T-account, used for recording increases in assets and expenses or decreases in liabilities, equity, and income.
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