Under Which of the Following Circumstances Would a Partnership Terminate

question 23

Multiple Choice

Under which of the following circumstances would a partnership terminate and close its tax year?

• A)Divorce of a partner
• B)Cessation of business activities by the partnership
• C)Entry of a new partner
• D)Distribution of property to a 10 percent partner in complete termination of the partner's interest in the partnership
• E)None of the above

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Definitions:

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Socialist Reforms

Policies and changes aimed at transforming society towards socialist principles, including redistribution of wealth and major government involvement in the economy.

French Sociologist

A sociologist originating from France, which has a rich history of contributions to sociology.

Social Structures

The organized patterns of social relationships and social institutions that together compose society, providing a framework within which social interaction occurs.