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Ranger Pool Company is a sole proprietorship.Ranger contributed $40,000 of cash in exchange for capital.Which of the following accounts will be credited?
Salary Workers
Individuals who receive a fixed regular payment, often monthly, from their employer, regardless of the number of hours worked.
Monopsonist
An economic situation where there is only one buyer in the market, giving the buyer substantial power over prices and terms with suppliers.
Purely Competitive
A market structure characterized by many buyers and sellers, all of whom have little to no influence on the market price of goods and services.
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