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Financial Reporting and Analysis Jan 23 Y1 S2 Which of the following statements is correct? A. The liability of the partners for the debts of

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Financial Reporting and Analysis Jan 23 Y1 S2 Which of the following statements is correct? A. The liability of the partners for the debts of the partnership is limited to the amounts invested by each partner. B. The lifespan of a partnership is perpetual. 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

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