Examlex
President Obama has proposed several initiatives to help the United States reduce its foreign oil consumption.Some of his initiatives are:
Partners' Capital Statement
A financial statement that shows the changes in each partner’s equity in the business over a specific period of time.
Drawings
Withdrawals of cash or other assets from a business by the owner for personal use.
Capital Statement
A financial statement that outlines the changes in owners' equity over a specific period.
Drawings
Withdrawals made by an owner from the business for personal use, reducing the capital account of the owner.
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