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

Question 53

Multiple Choice

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


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

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