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Select the One Term That Best Fits Each Definition

Question 14

Multiple Choice

Select the one term that best fits each definition.
-The process of paying a partnership's liabilities and distributing remaining assets to the partners.


A) bill of lading
B) distribution of net income statement
C) exports
D) imports
E) letter of credit
F) liquidation of a partnership
G) partnership agreement
H) realization
I) time draft
J) trade acceptance

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