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Payments to a partner for services provided to the partnership: Multiple Choice O Are not recorded. O Are recorded directly in the partner's capital account.

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Payments to a partner for services provided to the partnership: Multiple Choice O Are not recorded. O Are recorded directly in the partner's capital account. Are recorded as salaries expense. Are recorded in the partner's drawing account. In a limited liability partnership, a partner has unlimited liability for his own actions and limited liability for the actions of his partners True or False True False The purchase or sale of marketable securities is reported in the statement of cash flows as a financing activity True or False True False

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