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Which characteristic identifies a partnership? A. Unlimited life B. All of the above C. No business income tax D. Personal unlimited liability ---------------------------------------- Partnership financial

Which characteristic identifies a partnership?

A. Unlimited life

B. All of the above

C. No business income tax

D. Personal unlimited liability

----------------------------------------

Partnership financial statements report

A. On The Income Summary

B. Liabilities on the income statement

C. Revenues on the income statement

D. Net income on the balance sheet

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