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Capital Projects funds recognize expenses, but not encumbrances.
Capital Accounts
Accounts that reflect the initial and subsequent contributions of owners or partners, along with their share of the net income or loss over time.
Final Distribution
The process of allocating the remaining assets of a company, estate, or trust to the rightful beneficiaries or owners after all obligations have been met.
Market Value
The current price at which an asset or service can be bought or sold in the market.
Book Value
The value of a company or asset according to its financial statements, calculated by taking the total assets minus the liabilities and intangible assets.
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