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    Fundamental Accounting Principles Study Set 7
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    Exam 1: Accounting in Business
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    A Partnership
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A Partnership

Question 200

Question 200

Multiple Choice

A partnership


A) Is a legal organization separate from its owners.
B) Is a non-business organization.
C) Has unlimited liability.
D) Has to have a written agreement in order to be legal.
E) Is also called a sole proprietorship.

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