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    Principles of Accounting Study Set 1
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    Exam 12: Accounting for Partnerships
  5. Question
    Which of the Following Is a Characteristic of Partnerships
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Which of the Following Is a Characteristic of Partnerships

Question 151

Question 151

Multiple Choice

Which of the following is a characteristic of partnerships?


A) Unlimited life
B) Limited liability
C) Involuntary association
D) Mutual agency

Correct Answer:

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