Which of the Following Best Describes a Dissolution of a Partnership

question 11

Multiple Choice

Which of the following best describes a dissolution of a partnership?

• A) It is a change in relation of partners by elimination of one.
• B) It is the re-distribution of capital among partners.
• C) It is the taking care of outstanding obligations.
• D) It is a change in relation of partners by addition of one.

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Definitions:

Multiple Regression Model

A statistical technique that uses several explanatory variables to predict the outcome of a response variable.

Degrees of Freedom

Degrees of freedom refer to the number of independent values or quantities which can be assigned to a statistical distribution or to a system without violating any constraint.

Sum of Squares

A statistical measure of the dispersion of observation values given by the sum of the squared differences from the mean.

Error

The difference between a measured or observed value and the true, specified, or theoretically correct value.