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:

Cyanide Ion

An anion with the formula CN−, known for its high toxicity, it can form various inorganic and organic compounds.

Sulfate Ion

A polyatomic anion with the empirical formula SO4^2- and is a common component of many minerals and chemicals.

Ionic Compound

A composition of ions united by the power of electrostatic interactions, identified as ionic bonding.

Magnesium

A lightweight, silvery-white metallic element (Mg) that is highly reactive, used in alloys, fireworks, and as a reducing agent in chemical reactions.