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Which of the following statements is correct? General partnership firms hold the majority of all business assets and generate the majority of business revenues and

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Which of the following statements is correct? General partnership firms hold the majority of all business assets and generate the majority of business revenues and profits in the United States. Financial managers should invest in a capital project only if such investments increase the value of the firm and thus increase stockholders' wealth. A key advantage of a general partnership is that all partners have limited liability. Owners of corporations have unlimited liability because corporations are not legal persons that take actions in their own names, but in the names of individual owners. All the answers are correct

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