Which of the Following Is True When a Partner Withdraws

question 135

Multiple Choice

Which of the following is true when a partner withdraws his interest from the partnership?

• A)He is obliged to pay a bonus to the existing partners.
• B)The existing partners are obliged to pay a bonus to the withdrawing partner.
• C)The partner's capital account will be closed.
• D)He must get the book-value of his interest.

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Definitions:

Crime Deterrent

A crime deterrent is any measure or factor that discourages individuals from engaging in criminal behavior, either through fear of consequences or moral persuasion.

Belief Perseverance

is the tendency to maintain one's belief despite receiving new evidence or facts that contradict it.

Belief Perseverance

The phenomenon where individuals continue to adhere to their initial beliefs even in the face of contradictory evidence.

Doubt

A feeling of uncertainty or lack of conviction about something.