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Match each statement to the appropriate term (a-h). a. Partnership b. Partnership agreement c. Distribution of remaining cash to partners d. Mutual agency e.
Match each statement to the appropriate term (a-h). a. Partnership b. Partnership agreement c. Distribution of remaining cash to partners d. Mutual agency e. Equally f. Death of a partner g. Liquidation h. Unlimited liability Causes the closing of accounts and settling with a partner's estate The process of going out of business by selling the entity's assets and p The final step in the liquidation of a partnership Causes the closing of accounts and settling with a partner's estate The process of going out of business by selling the entity's assets and paying its liabilities The final step in the liquidation of a partnership Every partner can bind the business to a contract within the scope of the partnership's regular business operations Without an agreement, the law will stipulate this method of sharing profits and losses Choose... g. Choose... Choose... v Choose... The agreement that is the contract between partners b. Choose... A voluntary association of two or more persons who co-own a business for profit When a partnership cannot pay its debts with business assets, the partners must use personal assets to meet the debt g Please answer all parts of the question.
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