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mcq 20. Under a partnership agreement, the balance sheet has which of the following characteristics: A. Each partner has a separate cash account B. Each

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20. Under a partnership agreement, the balance sheet has which of the following characteristics: A. Each partner has a separate cash account B. Each partner has a separate capital account C. The balance sheet is the same as a sole proprietorship D. Each individual partner has a separate set of statements prepared, including the balance sheet. E. None of the above

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