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Regarding a business organized as a? partnership, which of the following is an incorrect? statement? A. Mutual agency is present in a partnership. B. Partners

Regarding a business organized as a? partnership, which of the following is an incorrect? statement?

A. Mutual agency is present in a partnership.

B. Partners pay tax on their share of the partnership earnings.

C. A? partnership's life is not dependent on a specific? individual's ownership.

D. Partners are personally liable for the debts of the business.

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