9. Complete each of the following sentences by inserting the most appropriate word or words in the space provided. A. A is a legal contract that sets forth the specific terms and conditions of a partnership. B. Each province in Canada has its own of partnerships within its boundaries. to govern the operations C. The main difference between accounting for a sole proprietor than a sole proprietorship. E. Compared to a corporation, a partnership is simple to F. An incorporated company is a separate legal law. in the eyes of the G. Shareholders have no financial responsibility for any actions of the corporation except to the extent of their capital contribution. This is known as H. Corporation policy is decided by a committee of shareholders called the 1. A person who is a part owner of a corporation is called a J. You can recognize a corporation by its name. For example, it will contain the words Limited (abbreviated Ltd.) or K. When preparing a common-size balance sheet, accountants use as the base amount. L. On a common-size income statement, each dollar amount is expressed as a percentage of M. A ratio measures a business's ability to pay its debts in the take to collect accounts receivable. figure indicates the number of days a business would O. The debt ratio and the show the portion of the total assets that has been acqu are complementary to each other and P. Another name for the quick ratio is the using money from various sources. Q. Liquidity ratios or of a company to pay its debts. ratios are used to help to assess the ability Word Chart