Which of the following is not a reason for the popularity of partnerships as a legal form

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Which of the following is not a reason for the popularity of partnerships as a legal form for businesses? LO3

a. Partnerships need be formed only by an oral agreement.

b. Partnerships can more easily generate significant amounts of capital.

c. Partnerships avoid the double taxation of income that is found in corporations.

d. In some cases, losses may be used to offset gains for tax purposes.

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Advanced Accounting

ISBN: 9780073379456

9th Edition

Authors: Joe Ben Hoyle, Timothy S. Doupnik, Thomas F. Schaefer, Oe Ben Hoyle

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Question Posted: Jul 23, 2024 06:02 AM

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Which of the following is not a reason for the popularity of partnerships as a legal form

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Advanced Accounting

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