lec

ise

$($i$)$

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Which one of the following applies to a general partnership?

Multiple Choice $$

The profits of a general partnership are taxed the same as those of a corporation. $$

Any one of the partners can be held solely liable for all of the partnership's debt. $$

The profits of the firm are taxed as a separate entity. $$

The firm's operations must be controlled by a single partner.

Each partner's, liability for the firm's debts is limited to each oartner's investment in the

Prey

$14$ of $20$