Which of the Following Is Not a Necessary Action That

question 67

Multiple Choice

Which of the following is not a necessary action that the partnership must take upon the death of a partner?

• A) Determine the net income or net loss for the year to date.
• B) Discontinue business operations.
• C) Close the books.
• D) Prepare financial statements.

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Definitions:

Romantic Relationship

A type of interpersonal relationship that involves emotional and/or physical intimacy, often characterized by passion, commitment, and intimacy.

Personological Approach

A branch of psychology that studies personality as an individual's distinct patterns of thinking, feeling, and behaving, focusing on personal history and life narrative.

Criminal Profiling

The process of identifying probable characteristics of a criminal based on crime scene analysis, victim interactions, and other behavioral patterns.

Henry Murray

An American psychologist who developed the theory of needs, which identified personality in terms of motives and needs.