Which of the Following Will Result in the Termination of a Partnership

question 71

Multiple Choice

Which of the following will result in the termination of a partnership?

• A) a change of partnership clause in a partnership agreement
• B) the death of a partner
• C) a capital contribution clause in a partnership agreement
• D) a declaration

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Definitions:

NCI Share

Refers to the equity interest in a subsidiary not attributable directly or indirectly to the parent company, also known as non-controlling interest.

Acquisition

An acquisition is a transaction in which one company takes over controlling interest in another company, acquiring its assets and operations to expand its own business.

Non-Controlling Interest

The portion of equity interest in a subsidiary not attributable to the parent company, which reflects the equity stake that other investors or shareholders have in the subsidiary.

Statement of Comprehensive Income

A financial statement that shows all the items of income and expense recognized in a period including items beyond those in profit or loss.