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An advertisement on a web site touts that the software for sale enables users to enter typed text, handwritten comments, drawings, or sketches anywhere on a page and then save the page. What kind of software is this ad selling?
Income Sharing Ratio
Income sharing ratio refers to the pre-agreed proportion used to distribute profits or losses among partners in a partnership according to their partnership agreement.
Partners' Equity
The total amount of capital contributed by partners plus their accumulated profits retained in the business.
Capital Account Balances
The financial records that show the equity ownership and investment contributions of partners or shareholders in a business.
Book Value
The net value of a company's assets minus its liabilities and intangible assets, as shown in the financial statements.
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