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finance Which of the following statements is correct? A. The lifespan of a partnership is perpetual. B. The liability of the partners for the debts
finance
Which of the following statements is correct? A. The lifespan of a partnership is perpetual. B. The liability of the partners for the debts of the partnership is limited to the amounts invested by each partner. C. A partnership business is liable for its own taxes on the profits earned. D. A loan cannot be obtained in the name of the partnership Step by Step Solution
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