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Land improvements such as paving, fencing, and lighting should be debited in full to the land account.
Dissolution
Dissolution is the process of formally ending the existence of a legal entity such as a company or partnership.
Winding Up
The process of dissolving a company by selling its assets, paying off creditors, and distributing the remaining assets to shareholders.
Liquidation
The process of closing a business and distributing its assets to claimants.
Capital Contribution
The cash, property, or other assets that investors or owners provide to a business in exchange for an ownership interest or equity.
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