Which of the following statements about partnerships is false?
A. Partnerships are unincorporated entities.
B. Partnerships are sometimes referred to as passthrough entities since they do not pay federal income tax.
C. Only individuals may be partners in a partnership.
D. A partnership is a legal entity that may enter into valid contracts.
Answer: C
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a. To compare with previously released attorney's letters. b. To determine the types of fraud occurring in the organization. c. To ensure proper recording of vendor payables. d. To determine if there is any litigation pending or threatened.
Krammer Company has liabilities equal to one fourth of the total assets. Krammer's owner's equity is equal to $30,000. Using the accounting equation, what is the amount of liabilities for Krammer?
Which sentence is correctly punctuated?
A) ?To select the best job applicant many companies conduct a series of interviews. B) ?Reading the applications carefully Brian eliminated the unqualified applicants. C) By applying consistent hiring standards, companies can avoid charges of discrimination.
Sustainable sourcing includes the following EXCEPT this:
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