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Luiz and Naroa have decided to form a law partnership. To get their practice started, Luiz and Naroa have agreed to provide $25,000 each from

Luiz and Naroa have decided to form a law partnership. To get their practice started, Luiz and Naroa have agreed to provide $25,000 each from their personal funds. These contributions from Luiz and Naroa to their partnership represent which of the following?

a. Proceeds from the sale of assets

b. Debt capital

c. Sales revenues

d. Equity capital

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