Which of the Following Statements Is Correct Regarding the Admission

question 53

Multiple Choice

Which of the following statements is correct regarding the admission of a new partner?

• A) A new partner must purchase a partnership interest directly from the business.
• B) The right of co-ownership in the business property can be transferred to a new partner without the consent of other existing partners.
• C) The right to participate in management of the business can be conveyed without the consent of other existing partners.
• D) The right to share in profits and losses can be sold to a new partner without the consent of other existing partners.
• E) A new partner always pays book value.

---

Definitions:

Labeling Personality

The process of classifying and describing an individual's character or personality traits.

View Of Reality

An individual's perception or interpretation of the world around them, influenced by personal experiences and beliefs.

Biological Processes

Biological activities and phenomena that occur in living organisms, governing functions such as growth, development, and reproduction.

Gene-Environment Interactions

The complex interplay between genetic predispositions and environmental factors that influence individual development and health.