All of the following are correct except
A) a partnership is a legal entity.
B) the partnership can sue or be sued.
C) the personal assets, liabilities, and transactions of the partners are recorded in the partnership.
D) the partnership must file an information tax return.

Question

Quizplus · Accepted Answer

The personal assets, liabilities, and transactions of the partners are not recorded in the partnership; only the partnership's financial activities are recorded.

All of the Following Are Correct Except