The AB, BC, and CD Partnerships Merge into the ABCD

question 40

Multiple Choice

The AB, BC, and CD Partnerships merge into the ABCD Partnership. AB (owned by Austin and Ben) contributes assets worth $100,000. BC (owned by Ben and Charlie) contributes assets worth $200,000. CD (owned by Charlie and Dennis) contributes assets worth $300,000. The capital and profits interest in ABCD is owned by: Austin, 10%; Ben, 30%; Charlie, 25%; and Dennis, 35%. ABCD Partnership is a continuation of

• A)AB.
• B)BC.
• C)CD.
• D)none of the partnerships.

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Definitions:

Effective Leadership

The ability of a leader to inspire, influence, and guide individuals or teams towards achieving organizational goals.

Organization

The arrangement of elements or people in a systematic way to form a coherent or functional whole; often relates to structures in businesses or groups.

Leadership Studies

An interdisciplinary academic field dedicated to understanding leadership, its processes, and impacts on groups and organizations.

Dyadic

Pertaining to an interaction or relationship between two entities or individuals.