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Which of the following statements is correct? A. A partnership business is liable for its own taxes on the profits earned. B. A loan cannot

image text in transcribed Which of the following statements is correct? A. A partnership business is liable for its own taxes on the profits earned. B. A loan cannot be obtained in the name of the partnership. 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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