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Partnership Liquidation
The process of closing a partnership by selling off assets, paying liabilities, and distributing the remaining assets to partners.
Capital Balances
The amount of funds contributed by owners or shareholders, plus retained earnings or net income, less any dividends paid out.
Capital Deficiency
A financial situation where a company's liabilities exceed its assets, indicating potential difficulties in covering its debts.
Capital Balances
The amounts in a business's equity accounts that represent the owners' stakes in the company.
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