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    Fundamental Accounting Principles Study Set 2
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    Exam 1: Accounting in Business
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    A Partnership
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A Partnership

Question 198

Question 198

Multiple Choice

A partnership:


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

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