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Limited partners benefit from which of the primary advantages? Multiple Choice They have the opportunity to earn tax-free income. Their responsibility for the firms debts
Limited partners benefit from which of the primary advantages?
Multiple Choice
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They have the opportunity to earn tax-free income.
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Their responsibility for the firms debts is prorated based on their percentage of ownership.Incorrect
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They do not face any potential financial losses.
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They have control over the administrative affairs of the partnership.
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Their maximum loss cannot exceed the amount of their capital investment.
I'm confused why the second option is wrong.
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