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Frankie's preschool teacher asks the class if it would be easier to remember the names of three types of birds or the names of five types of animals.If Frankie is a typical preschooler, what is he likely to answer?
Partnership
A Partnership is a legal form of business operation between two or more individuals who share management and profits.
Capital Accounts
Accounts on a company's balance sheet that represent the cumulative amount of equity invested by shareholders and retained earnings.
Net Income
The profit of a company after all expenses and taxes have been deducted from total revenue.
Noncumulative
Pertaining to dividends, a feature allowing a company not to pay dividends in arrears to its shareholders.
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