A Change in the Ownership of a Partnership Results in the

question 172

Multiple Choice

A change in the ownership of a partnership results in the

• A) consolidating of the partnership
• B) liquidating of the partnership
• C) realization of the partnership
• D) dissolution of the partnership

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Definitions:

Corporation

A legal entity that is separate and distinct from its owners, offering limited liability and the ability to raise capital through stock.

Stockholders

Individuals or entities that own shares in a corporation, giving them ownership interest.

Limited Risk

Exposure to a relatively small possibility of loss or less severe consequences in an investment or business activity.

Assets

Resources owned by a business or individual that have economic value and can provide future benefits.