The words limited partnership can be abbreviated to Ltd. in the title of a limited partnership

Asset and liability accounts are closed to the Income Summary account

Indicate whether the statement is true or false

The Federal Deposit Insurance Corporation (FDIC) insures each depositor at a commercial bank, savings and loan association, or mutual savings bank up to a loss of ________ per account

A) $100,000 B) $250,000 C) $500,000 D) $1,000,000