Statements about the partnership form of organization

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Reference no: EM131864408

1. Which of the following are true statements about the corporation form of an organization:

owned by stockholders

provides unlimited liability.

requires a partnership agreement among all of the partners

subjects owners to double taxation

2. Which of the following are true statements about the partnership form of an organization:

avoids the double taxation of earnings and dividends

carries unlimited liability to the owners

taxes profits at the individual tax rates of the owners.

simplifies decision making more than any other form of organization

Reference no: EM131864408

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