Which of the Following Is Incorrect Regarding Partnerships

question 69

Multiple Choice

Which of the following is incorrect regarding partnerships?

• A)Legally,there is no economic separation between a partnership and its owners.
• B)A partnership is a voluntary association of individuals.
• C)If the partnership agreement does not describe the method of income distribution,the partners must share income equally.
• D)When individuals invest property in a partnership,they co-own the property with the partnership.

---

Definitions:

Risky Behavior

Actions or behaviors that can potentially lead to harm or negative consequences for oneself or others.

FSH

Follicle-stimulating hormone, a gonadotropic hormone produced by the anterior pituitary gland that promotes the growth of ovarian follicles in females and spermatogenesis in males.

Pubic Hair

Body hair that grows on the genital area after reaching puberty.

DHEA

Dehydroepiandrosterone, a hormone produced by the adrenal glands, involved in the production of sex hormones and associated with aging and health.