Examlex
The additional output a firm produces by hiring one more worker is called the marginal product of labor.
Capital Account Balance
The net amount of funds invested in a business by its owners, plus retained earnings or minus accumulated losses.
Partnership Capital
The amount of capital that is contributed by the partners in a partnership firm, representing their ownership interest and basis for sharing profits and losses.
Income-sharing Ratio
A predefined formula used to distribute profits among partners or stakeholders in proportion to their agreed-upon shares.
Bonus Method
An accounting method for handling goodwill or the excess amount paid over the book value in a transaction, often used in partnership accounts.
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