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Write the repeating decimal as fraction. Simplify the answer when possible.
Accounts Payable
Money owed by a company to its creditors for goods or services that have been delivered but not yet paid for.
Fair Value
The estimated market price of an asset or liability, based on current conditions and the willing buyer-seller principle.
Capital
The owner’s investment of equity in the company.
Debit
The left-hand side of any account. A number entered on the left side of any account is said to be debited to an account.
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