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Question 1 3 pts Which of the following statements concerning the differences in operating a business as a partnership or as an S corporation is

Question 1 3 pts Which of the following statements concerning the differences in operating a business as a partnership or as an S corporation is true? The owners of a general partnership have unlimited personal liability for the debts of the business. The owners of an S corporation have unlimited personal liability for the debts of the business. O The S corporation form offers greater flexibility in allocating the income or loss among the owners. All of the statements are false

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