Solved

A Partner Can Withdraw from a Partnership by Any of the Following

Question 123

Multiple Choice

A partner can withdraw from a partnership by any of the following means except:


A) Selling his/her interest to another person for cash.
B) Selling his/her interest to another person in exchange for assets.
C) Receiving cash from the partnership in the amount of his/her interest.
D) Receiving assets from the partnership in the amount of his/her interest.
E) Close the business and liquidate the assets under the mutual agency principle.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions