Which of the Following Events Would NOT Dissolve a Partnership

question 8

Multiple Choice

Which of the following events would NOT dissolve a partnership?

• A) The retirement of a partner
• B) The earning of a partnership loss
• C) The admission of a new partner
• D) The bankruptcy of a partner

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Definitions:

Central Bank

The primary monetary authority of a country, which manages the nation's currency, money supply, and interest rates.

Deficits

Financial shortfalls that occur when an organization's, typically a government's, expenditures surpass its revenues within a specific time frame.

Inflation Risk

The possibility that the value of assets or income will decrease as inflation shrinks the purchasing power of a currency.

Rate of Return

The net gain or loss on an investment over a specified time period, expressed as a percentage of the investment's initial cost.