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.

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Definitions:

Drug Interdiction

Measures aimed at stopping the illegal trafficking of drugs.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a given period.

Prices

The price tag anticipated, mandatory, or surrendered in settlement for an item.

Drug Interdiction

The policy or practice of preventing illegal drugs from being trafficked and distributed.