Which of the following is a false statement about a partnership? ... OA. It is an opportunity to pool talents and resources for the company. B. A partnership must have at least two owners. OC. It is a business with two or more owners that is not organized as a corporation. D. It is a type of corporation in which the owners have limited liability for the organization's liabilities.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Which of the following is a false statement about a partnership?
O A. It is an opportunity to pool talents and resources for the company.
B. A partnership must have at least two owners.
OC. It is a business with two or more owners that is not organized as a corporation.
OD. It is a type of corporation in which the owners have limited liability for the organization's liabilities.
Transcribed Image Text:Which of the following is a false statement about a partnership? O A. It is an opportunity to pool talents and resources for the company. B. A partnership must have at least two owners. OC. It is a business with two or more owners that is not organized as a corporation. OD. It is a type of corporation in which the owners have limited liability for the organization's liabilities.
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