Match each of the following terms with the appropriate definitions. A. S corporation B. Mutual agency C. Partnership D. Unlimited liability E. Partnership contract F. C corporation G. General partner H. Limited liability partnership I. Statement of partners' equity J. Limited partnership 1. A financial statement that shows each partner's beginning capital balance, additional investments, allocated income or loss, withdrawals, and ending capital balance. 2. A partnership that has limited partners and general partners. Limited partners have no personal liability beyond the amount they invest in the partnership. 3. A partnership that protects innocent partners from malpractice or negligence claims resulting from the acts of another partner. 4. The legal relationship among general partners that makes each of them personally responsible for paying the debts of the partnership if the partnership cannot pay. 5. The agreement between partners that sets terms under which the affairs of the partnership are conducted. 6. An unincorporated association of two or more people to pursue a business for profit as co-owners. 7. A partner who has unlimited liability for the debts of the partnership. 8. The legal relationship among partners whereby each partner can bind the partnership to contracts. 9. A corporation that does not qualify for nor choose to be treated as a partnership for income tax purposes. 10. A corporation with 100 or fewer owners that can elect to be treated as a partnership for income tax purposes but retains the same limited liability as other corporations. Essay Toolbar navigation BIUS A