Match Each of the Following Terms with the Appropriate Definitions

question 93

Multiple Choice

Match each of the following terms with the appropriate definitions.
-An unincorporated association of two or more persons to pursue a business for profit as co-owners.

• A)General partner
• B)Limited liability partnership
• C)Unlimited liability of partners
• D)C corporation
• E)Statement of partners' equity
• F)Mutual agency
• G)Limited partnership
• H)S corporation
• I)Partnership
• J)Partnership contract

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Definitions:

Equity Section

The portion of a company’s balance sheet that represents the owners' or shareholders' interest in the company.

Equity Method Investments

Accounting technique used by a company to record its investment in another company when it has significant influence but does not have a majority control.

Cash Dividends

Payments made by a corporation to its shareholders from earnings, typically on a quarterly basis, in the form of cash.

Available-for-sale Debt Investment

Debt securities not classified as held-to-maturity or trading securities, and can be sold in the short-term for liquidity purposes.