Author Question: Unlike a corporation: a. a partnership pays high income taxes on its income b. a partnership pays ... (Read 115 times)

ghost! · **on:** Jun 24, 2018

Unlike a corporation:
a. a partnership pays high income taxes on its income b. a partnership pays no income taxes on its income
c. a partnership cannot lose money in a bankruptcy suit d. a partnership cannot have more than two partners
e. a partnership has no duty to creditors before investors

Question 2

The Consumer Leasing Act applies to leases of personal property to be used for personal or household purposes.
a. True
b. False
Indicate whether the statement is true or false