In a Dissolution of a Partnership That Will Be Continued,if

question 14

Multiple Choice

In a dissolution of a partnership that will be continued,if a noncontinuing partner holds 20% of the partnership in which the assets are valued at $10,000 how much will the partner receive assuming the noncontinuing partner has taken no wrongful action against the partnership?

• A) $2,000
• B) $2,000 minus any losses the noncontinuing partner's leaving caused the partnership to sustain.
• C) $2,000 minus the noncontinuing partner's share of loses, if any, in the first year after dissolution.
• D) $2,000 minus the noncontinuing partner's share of expenses involved with dissolution.
• E) Nothing

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