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Mia and Claire are 3-year-olds at free play in their preschool. Mia has a lacy apron tied around her head like a wedding veil, and Claire has a sheer curtain tied over her shoulders like a cape. Each is holding a wand-one is a stick with a star on the end, and the other is a long Tinker Toy stick with one wheel connector at the end. When asked what they're doing, Mia says, "We're playing fairy. We're both fairies." What kind of play are they engaging in?
Creditors
Creditors are individuals or entities that lend money or extend credit, and are owed repayment by debtors.
Capital Balance
The amount of money that a company has in its capital account, reflecting the total capital invested by shareholders and retained earnings.
Federal Income Taxes
Taxes imposed by the federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.
Partnership
A sanctioned business setup where a group of individuals co-manage the operation and share the resulting income.
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