Match each statement to the appropriate term (a-h) :
-Each partner may act on behalf of the entire partnership so that the liabilities created by one partner become the liabilities of all partners
A) Deficiency
B) Realization
C) Proprietorship
D) Partnership
E) Mutual agency
F) Liquidation
G) Income-sharing ratio
H) Statement of partnership equity
Correct Answer:
Verified
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