A Partner Can Withdraw from a Partnership by Any of the Following

question 53

Multiple Choice

A partner can withdraw from a partnership by any of the following means except:

• A) Receiving assets from the partnership in the amount of his/her interest.
• B) Selling his/her interest to another person for cash.
• C) Receiving cash from the partnership in the amount of his/her interest.
• D) Close the business and liquidate the assets under the mutual agency principle.
• E) Selling his/her interest to another person in exchange for assets.