Based on the entity concept of partnerships, which of the following statements is false? ...
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Accounting
Based on the entity concept of partnerships, which of the following statements is false?
a: a partnership may enter into taxable transactions with partners.
b: a parternship must file an annual tax return (Form 1065) reporting the results of operations
c:A partnership is legally liable for debts of partners
d: a partnership is required to make tax elections for partnership activities that are applicable to all partners
e: a partnership may hold title to property in its own name.
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