Which of the Following Statements Is False Concerning Partnership Liquidating

question 97

Multiple Choice

Which of the following statements is false concerning partnership liquidating distributions?

• A)A partner who receives a liquidating distribution can retain an interest in the partnership.
• B)A partnership agreement may restrict the sale of a partnership making a liquidating distribution the only way a partner can close out his interest in the partnership.
• C)Liquidating a single partner's interest is similar in concept to a corporate redemption of a shareholder's interest.
• D)None of these statements is false

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Definitions:

Human-to-human Model

A nursing theory that emphasizes the interpersonal relationship between nurse and patient as central to healing and care.

Implementation

The act of putting a plan, decision, or method into effect in order to achieve a specific goal.

Establishing

Refers to the process of initiating, defining, or setting up certain parameters, structures, or foundations in various contexts.

Dehumanization

The process of depriving a person or group of positive human qualities, often leading to the perception of the target as less than human.