The Change in the Relationship of Partners in a Partnership

question 15

Multiple Choice

The change in the relationship of partners in a partnership caused by any partner ceasing to be associated in the carrying on of the business is known as ________.

• A) action for an accounting
• B) indemnification
• C) winding up
• D) dissolution

---

Definitions:

Annual Interest Rate

The percentage of interest that will be charged or earned on a sum of money over a one-year period.

Tenth Year-end Deposit

The act of placing funds into a financial account or investment at the end of the tenth year of the account or investment's existence.

Annual Year-end Payments

Payments made at the end of a fiscal year, often related to taxes, dividends, or bonuses.

Interest Rate

The percentage of a sum of money charged for its use, often expressed annually.