Which of the following is included on a partnership balance sheet? A list of liabilities incurred by each partner A list of ending capital account balances for each partner A list of assets contributed by each partner A list of the ending drawing account balances for each partner Which of the following corporate characteristics is an advantage of the corporate form of business? The potential to raise large amounts of capital Limited liability No mutual agency All of the above. Trading securities that were purchased in 2008 for $85,000 were valued at $80,000 on December 31, 2008. The securities were sold at the beginning of 2009 for $83,000. The 2009 income statement should report a(n): realized gain of $3,000. unrealized loss of $5,000 and a realized gain of $3,000. unrealized gain recovered of $3,000. realized loss of $2,000. The exchange rate for the Euro was $1.30 on April 3 and $1.35 on April 12. These facts indicate that the U.S. dollar is: falling and getting stronger. rising and getting weaker. falling and getting weaker. rising and getting stronger. Which of the following is a disadvantage of partnerships? Mutual agency and unlimited liability create personal obligations for each partner. A partnership brings together the abilities of more than one person. Double taxation applies to corporate earnings but not to partnership earnings. A partnership does not require a charter from the state