1) In a set of partnership accounting records, the account for each partner named withdrawals is most similar to which of the following accounts found on a corporation's records?

A) Long term liabilities

B) Dividends payable

C) Accumulated depreciation

D Dividends declared

E) Additional paid in capital

2. Over the years, a number of different types of organizations have been developed to take advantage of benefits of partnerships and corporations at once including:

A) multi-national corporations using IFRS accounting standards.

B) sole proprietorships in the U.S. only.

C) limited liability partnerships.

D) consolidated entities sharing control.

E) federally chartered not-for-profits.