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Which of the following is excluded from the appropriation of profit in a partnership? A. Partners' interest on capitals B. Partners' salaries C. Partners' interest

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Which of the following is excluded from the appropriation of profit in a partnership? A. Partners' interest on capitals B. Partners' salaries C. Partners' interest on drawings D. Partners' drawings Which of the following statements is correct? A. A loan cannot be obtained in the name of the partnership. B. A partnership business is liable for its own taxes on the profits earned. C. The liability of the partners for the debts of the partnership is limited to the amounts invested by each partner. D. The lifespan of a partnership is perpetual

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