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    Business
  3. Study Set
    The Law and Business
  4. Exam
    Exam 24: Sole Proprietorships and Partnerships
  5. Question
    A Partnership Is Treated as a Separate Entity with Respect
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A Partnership Is Treated as a Separate Entity with Respect

Question 3

Question 3

Multiple Choice

A partnership is treated as a separate entity with respect to


A) the paying of income taxes.
B) its ability to exist independent of its owners.
C) passing it on to heirs.
D) bankruptcy.
E) having its own assets and liabilities.

Correct Answer:

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