Multiple Choice
Which of the following is false regarding a general partnership?
A) It is easy to create.
B) Income of the business is personal income.
C) Business losses can be deducted from taxes.
D) The partners are considered agents of the partnership.
E) In most cases partners do not have personal liability for losses.
Correct Answer:
Verified
Correct Answer:
Verified
Q5: Which of the following are franchises in
Q6: Syndicates are usually considered a type of
Q7: The joint venture is not automatically terminated
Q9: Which of the following is false regarding
Q12: Which of the following is true regarding
Q13: Which of the following is responsible for
Q35: Which of the following establishes how a
Q45: Which of the following is a group
Q53: Which of the following is a partnership
Q66: [Car Repair] Gordon and Leo are partners