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:
Verified
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