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Which of the following is an advantage of a partnership? A. Mutual agency creates personal obligations for each partner. B. The owners of a partnership

Which of the following is an advantage of a partnership?

A. Mutual agency creates personal obligations for each partner.

B. The owners of a partnership are generally exempted from personal income taxes.

C. The owners who contribute an asset to the partnership retain absolute claim on the asset.

D. Partnerships are less expensive to organize than corporations.

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