COMPREHENSIVE FINAL QUZ-bide he mO When a partnership is liquidated remaining cash is paid to partners A. based on profit-and-loss-sharing agreement. B. based on capital balances C. based on initial investment. D. equally. Apartnership equity statement is sometimes referred to as A. Statement of Owner's Equity B. Statement of Stockholder's Equity.3 C. Statement of Partners' Equity D. Statement of Partners' Earnings. 3. Which partnership characteristic refers to the fact that any partner can bind the business to a contract within the scope of its regular business operations? A. Unlimited life B. Mutual agency C. Unlimited liability. D. Co-ownership. A stock dividend: A. decreases Common Stock B. increases Total Equity C. decreases Total Equity D. decreases Retained Earnings 5Stock splits: A. increase the number of shares of stock issued. B. decrease par value per share. C. both A and B. D. neither A nor B 6 Which of the following is not a characteristic of a corporation? A. Double taxation B. Mutual agency C. Unlimited liability D. One or more owners