Which of the Following Statements About Partnerships Is False

question 81

Multiple Choice

Which of the following statements about partnerships is false?

• A) A partnership is a legal entity that may enter into valid contracts.
• B) Partnerships are unincorporated entities.
• C) Only individuals may be partners in a partnership.
• D) Partnerships are sometimes referred to as passthrough entities since they do not pay federal income tax.

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Definitions:

Ambiguous Loss

A type of loss that occurs without closure or clear understanding, leading to unresolved grief or confusion.

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A progressive neurological disorder that causes the brain to shrink and brain cells to die, resulting in severe memory loss and cognitive decline.

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In the cognitive-appraisal model, coping strategy directed toward managing the emotional response to a stressful situation so as to lessen its physical or psychological impact.

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