16. Which of the following characterizes the relationship between partners in a partnership? a. Fiduciary relationship. b. Tenancy in partnership. C. Mutual agency. d. All of these. 17. Which of the following is NOT an account found in a partnership's books? a. Partner's capital. b. Partner's retained earnings. c. Partner's loan. d. Partner's drawings. e. Both Cand D. 18. Which of the following is a type of partnerships? a. General partnership. b. Limited partnership. c. Corporate partnership. d. B and C e. A and B Which of the following is an acceptable procedure of allocating the partnership's profits to partners if the profit is not enough to satisfy all provisions (i.e, interest on capital, salaries, and bonuses)? 19. Prioritizing the provisions and satisfying them to the extent possible given the available profits. Satisfying all provisions then allocating the resulting profit deficiency to partners using the ratio of their capital balances Both of these are acceptable procedures for allocating profits. None of these is an acceptable procedure for allocating profits. a. b. c. d