Which of the following is a characteristic of a partnership?
A) Partnerships pay corporate income taxes.
B) Partnerships are listed on a stock exchange.
C) Partnerships are organized as corporations.
D) Partners have co-ownership of the partnership's assets.
Correct Answer:
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Q1: The articles of partnership is a written
Q3: In a general partnership,the partners have unlimited
Q4: Which of the following is TRUE of
Q5: In a limited liability partnership,each partner is
Q6: The income of a limited liability company
Q7: A written partnership agreement is also known
Q8: In a general partnership,if one partner cannot
Q9: In a partnership,the income is taxed at
Q10: In a general partnership,each partner has limited
Q11: Which of the following is TRUE of
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