Which of the Following Statements MOST Accurately Describes the Withdrawal

Multiple Choice

Which of the following statements MOST accurately describes the withdrawal of a partner at book value?

A) Withdrawing partner takes a portion of the non-current assets valued at their net book value.
B) Withdrawing partner takes a payment equal to his or her capital balance.
C) Withdrawing partner takes his or her proportionate share of partnership assets.
D) Withdrawing partner takes a payment equal to his or her proportion of the partnership cash balance.