The Admission of a New Partner to an Existing Partnership

question 5

Multiple Choice

The admission of a new partner to an existing partnership from an existing partner

• A) may be accomplished only by investing assets in the partnership.
• B) requires purchasing the interest of one or more existing partners.
• C) causes a legal dissolution of the existing partnership.
• D) is almost always accompanied by the liquidation of the business.

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Definitions:

Label

A small piece of text or graphics used to describe or identify parts of a user interface or printed document.

Form Design View

A feature within database and form-building software that allows users to visually create and customize the layout and fields of a form.

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A feature in graphic design and office software that allows users to fill shapes with colors, patterns, or textures.

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In graphic design and desktop publishing, the external border or edge definition of a shape, which can be formatted with various styles, colors, and thicknesses.