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Suppose prices for new homes have risen and sales of new homes have also risen. We can conclude that
Drawing and Capital Accounts
These refer to accounts used in partnerships and sole proprietorships where the 'drawing account' tracks withdrawals made by the owner(s) for personal use, and the 'capital account' tracks the owner's invested equity and retained earnings in the business.
Sole Proprietorship
A sole proprietorship is a business owned and operated by a single individual, where there is no legal distinction between the owner and the business entity.
Distribution of Cash
The process of allocating cash dividends to shareholders based on the number of shares held.
Income-Sharing Ratio
The proportion at which partners in a partnership agreement divide profits and losses among themselves.
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