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Which of the following statements is not true when it comes to Partnerships? Group of...

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Accounting

Which of the following statements is not true when it comes to Partnerships?
Group of answer choices
The actual distribution of profit to the partners is not taxable income
For a general partnership the general partners have unlimited liabilities for the debts and obligations of the partnership
For a limited partnership, it must have a minimum of two general partners who have unlimited liability
A limited liability partnership can have a general partner where the general partner liability is also limited liability

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