Which of the Following Will Establish the Existence of a Partnership

question 34

Multiple Choice

Which of the following will establish the existence of a partnership?

• A)The goodwill portion of the sale of a business is repaid by a share of the profits.
• B)An employee receives a profit-sharing bonus.
• C)The beneficiary of a deceased partner takes that partner's share of the income from the partnership.
• D)The parties intend to share the expenses of the business.
• E)A debt is repaid by the creditor taking a share of the profits.

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Definitions:

International Adoption

The process of adopting a child from another country through legal and international processes, often involving complex regulations and procedures.

Nuclear Families

Family units consisting of two parents and their children, considered as a basic social unit.

Same-sex Parents

Couples of the same sex who are raising children together, through biological means, adoption, or fostering.

School Records

Official documents and files that contain a history of a student's academic performance, attendance, and sometimes behavior at school.