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Based on the entity concept of partnerships, which of the following statements is false? a: a partnership may enter into taxable transactions with partners. b:

Based on the entity concept of partnerships, which of the following statements is false?

a: a partnership may enter into taxable transactions with partners.

b: a parternship must file an annual tax return (Form 1065) reporting the results of operations

c:A partnership is legally liable for debts of partners

d: a partnership is required to make tax elections for partnership activities that are applicable to all partners

e: a partnership may hold title to property in its own name.

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