Which of the Following Statements Is Incorrect

question 22

Multiple Choice

Which of the following statements is incorrect?

• A)Limited partners' liability for partnership debt is limited to their amount of investment.
• B)In a general partnership, all partners have unlimited liability for partnership debts.
• C)In a limited partnership, all partners participate in managerial decision making.
• D)All of the above are correct.

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Definitions:

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