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:

Highly Problematic

Refers to situations, behaviors, or issues that are extremely troubling and present significant difficulties.

Traditional Definitions

Established meanings or interpretations that are based on long-standing customs, beliefs, or practices.

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Existing or occurring in the present time; modern.

Problematic

Describes something that poses a problem or difficulty, often leading to complications or undesired outcomes.