Which of the Following Could Result in the Termination and Liquidation

question 35

Multiple Choice

Which of the following could result in the termination and liquidation of a partnership?1) Partners are incompatible and choose to cease operations.2) There are excessive losses that are expected to continue.3) Retirement of a partner.

• A) 1 only.
• B) 1 and 2 only.
• C) 2 and 3 only.
• D) 3 only.
• E) 1, 2, and 3.

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Definitions:

Down Syndrome

A genetic disorder caused by the presence of all or part of a third copy of chromosome 21, characterized by distinct physical features and some level of intellectual disability.

Kwashiorkor

A condition occurring in children who suffer severe protein and calorie shortages, which is characterized by stunted growth, a protuberant belly, and extreme apathy. Although therapeutic diets can reverse some effects, cognitive impairments are likely to persist.

Protein

A large biomolecule, or macromolecule, consisting of one or more long chains of amino acid residues, essential for the structure, function, and regulation of the body's cells, tissues, and organs.

Calorie Shortages

Instances where there is a deficit in the number of calories consumed versus those required for maintaining healthy bodily functions.