18. The Trial Balance ________.

A) Listing of all debits and credits at the end of an accounting period

B) A form of the balance sheet

C) The balance of each individual account

D) The outcome of a court case

19. A partnership ________.

A) is a business owned by two or more individuals

B) has owners who are legally liable for everything the company does

C) may be organized under a partnership agreement

D) is all of these

20. A business form in which the partners are not personally liable for the malpractice of any of the other partners is called a ________.

A) corporation

B) limited liability partnership

C) modified sole proprietorship

D) partnership