Multiple Choice
Which of the following is true when a partner withdraws his interest from the partnership?
A) He is obliged to pay a bonus to the existing partners.
B) The existing partners are obliged to pay a bonus to the withdrawing partner.
C) The partner's capital account will be closed.
D) He must get the book-value of his interest.
Correct Answer:
Verified
Correct Answer:
Verified
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