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Which of the following advances was not a significant contribution of the Sumerians?
Market Price
The price at which a product, asset, or service is sold on the open market.
Residual Interest
The remaining interest or value that an entity has in an asset after deducting any liabilities or obligations related to that asset.
Entity
In accounting and finance, an entity refers to any organization, company, or individual that has a separate legal existence and can engage in economic activities and transactions.
Third Parties
Individuals or entities that are involved in a transaction or agreement but are not one of the principal parties.
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