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$17$ TB MC Qu$.03-43$ Two CPAs decide to organize...

Two CPAs decide to organize their practice of accountancy as a limited liability partnership. According to the AICPA

$3$

points Professional Conduct:

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Multiple Choice

This is only an acceptable form of organization if the firm performs no audits.

This is an acceptable form of organization.

This is an acceptable form of organization if a minority interest of public shareholders is established

This is not an acceptable form of organization.