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Is Wally Entitled to a Review of All Partnership Assets

Question 40

Multiple Choice

Is Wally entitled to a review of all partnership assets and profit statements listing the distributions to partners?


A) Yes because partners are always entitled to an accounting.
B) Only if he can establish that one of the other partners failed to disclose a profit or benefit earned from the partnership.
C) If he can establish that a review would be just and reasonable.
D) No, because he had not been appointed the managing partner.
E) Only if he can prove probably that one of the partners committed fraud against the partnership.

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