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Which of the Following Statements About Partnerships Is Most Accurate

Question 257

Multiple Choice

Which of the following statements about partnerships is most accurate?


A) A partnership is a corporation with fewer than 100 owners.
B) A major advantage of a partnership is that it offers all owners limited liability.
C) A major drawback of a partnership is that it is difficult to terminate.
D) Partnerships are taxed at the lowest corporate tax rate.

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