Which of the Following Is an Advantage of a Partnership

question 7

Multiple Choice

Which of the following is an advantage of a partnership?

• A)Partnerships are less expensive to organize than a corporation.
• B)The owners of a partnership are generally exempted from personal taxes.
• C)The owners who contribute an asset to the partnership retain absolute claim on the asset.
• D)Partnerships have a higher cost of financial distress than those of a corporation.

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