The Dissolution of a Partnership Occurs

question 63

Multiple Choice

The dissolution of a partnership occurs

• A) only when the partnership sells its assets and permanently closes its books.
• B) only when a partner leaves the partnership.
• C) at the end of each year, when income is allocated to the partners.
• D) only when a new partner is admitted to the partnership.
• E) when there is any change in the individuals who make up the partnership.

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Definitions:

Simp

A term colloquially used to describe someone who demonstrates excessive sympathy or attention towards another person, often with little regard for reciprocation.

Assumption

A statement or idea accepted as true without proof, often used as a starting point for reasoning and arguments.

Add

To unite or join one thing to another, typically to increase the quantity or improve the whole.

UI

User Interface, which refers to the means by which a user interacts with a computer, software application, or digital device.