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Control systems generally provide absolute assurance that the objectives of internal control are satisfied.
Capital Balances
The amounts reflected in a company's accounts representing the capital invested by its owners.
Goodwill
The value attributed to a company's brand name, customer base, good customer relations, good employee relations, and any patents or proprietary technology during acquisitions.
Personal Use
Utilization of property, goods, or services for individual rather than business or commercial purposes.
Partnership
A business arrangement that is legally recognized, involving two or more partners sharing both management responsibilities and profits.
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