Which one of the following would correctly differentiate general partners from limited partners in a limited partnership?
A) General partners have more job experience.
B) General partners have an ownership interest.
C) General partners are subject to double taxation.
D) General partners have unlimited personal liability.
Correct Answer:
Verified
Q21: In a partnership form of organization,income tax
Q22: The separation of ownership and management is
Q23: Unlimited liability is faced by the owners
Q24: Which one of these is a disadvantage
Q25: Which form of organization provides limited liability
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Q28: A board of directors is elected as
Q29: The legal "life" of a corporation is:
A)
Q30: "Double taxation" refers to:
A) all partners paying
Q31: Which one of the following gives a
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