Which of the Following Statements Is False Concerning Partnership Liquidating

question 83

Multiple Choice

Which of the following statements is false concerning partnership liquidating distributions?

• A) Liquidating a single partner's interest is similar in concept to a corporate redemption of a shareholder's interest.
• B) A partner who receives a liquidating distribution can retain an interest in the partnership.
• C) A partnership agreement may restrict the sale of a partnership making a liquidating distribution the only way a partner can close out his interest in the partnership.
• D) None of these statements is false

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