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Young children that need glasses are rarely prescribed bifocals.Why?
Unlimited Joint Liability
A legal obligation among partners that holds each personally responsible for the total debts of a partnership without limits.
Capital Accounts
Financial records that show the ownership equity in a company, including initial capital contributions, retained earnings, and withdrawals by owners.
Outstanding Liabilities
Financial obligations that a company or individual has not yet settled.
Liquidated Assets
Assets that have been converted into cash or cash equivalents by selling them.
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