Solved

Which of the Following Is True of Partnerships as Entities

Question 36

Multiple Choice

Which of the following is true of partnerships as entities?


A) Partnerships are taxable entities and pay income taxes.
B) A partner can unilaterally dispose of partnership property under both RUPA and UPA.
C) A partnership cannot be involuntarily thrust into a bankruptcy proceeding.
D) A partnership may keep business records as if it were a separate entity.
E) Under RUPA, a partnership does not have entity characteristics.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents