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Matching Estimated Liability Employee Benefits m Warranty 4 Asset Book Value 5 Limited Partner 6 Mutual Agency Capital Expenditures Current Portion of B Long-Term
Matching Estimated Liability Employee Benefits m Warranty 4 Asset Book Value 5 Limited Partner 6 Mutual Agency Capital Expenditures Current Portion of B Long-Term Debt General Partner 10 Cost 11 Revenue Expenditures 12 Unlimited Liability Match each of the options above to the items below. Asset's acquisition costs less its accumulated depreciation (or depletion, or amortization); also, sometimes used synonymously as the carrying value of an account. All normal and reasonable expenditures necessary to get an asset in place and ready for its intended use. Expenditures reported on the current income statement as an expense because they do not provide benefits in future periods. Additional compensation paid to or on behalf of employees, such as premiums for medical, dental, life, and disability insurance, and contributions to pension plans. Obligation of an uncertain amount that can be reasonably estimated. Agreement that obligates the seller to correct or replace a product or service when it fails to perform properly within a specified period. Partner who assumes unlimited liability for the debts of the partnership; responsible for partnership management. Partners who have no personal liability for partnership debts beyond the amounts they invested in the partnership. Legal relationship among partners whereby each partner is an agent of the partnership and is able to bind the partnership to contracts within the scope of the partnership's business. Legal relationship among general partners that makes each of them responsible for partnership debts if the other partners are unable to pay their shares.
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