Identify Which of the Following Statements Is True

question 19

Multiple Choice

Identify which of the following statements is true.

• A)When a partnership is divided into two or more new partnerships, all of the resulting partnerships must be considered new partnerships.
• B)A partnership is "publicly traded" only if its interests are traded on an established securities exchange.
• C)A limited liability company is a form of business entity that combines the legal benefits of the corporate form with the tax benefits of the partnership form.
• D)All of the above are false.

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Definitions:

Mucus Cell

A cell that secretes mucus, providing lubrication and protection on mucosal surfaces such as the digestive and respiratory tracts.

Fibroblast

A type of cell found in connective tissue, responsible for producing collagen and other fibers.

White Blood Cell

Blood cells involved in defending the body against infectious disease and foreign materials.

Liver Cells

Liver cells, also known as hepatocytes, are the main functional cells of the liver, involved in protein synthesis, detoxification, and metabolism.