In a Dissolution of a Partnership, If a Noncontinuing Partner

question 20

Multiple Choice

In a dissolution of a partnership, if a noncontinuing partner holds 20% of the partnership in which assets after the payment of debt are valued at $10,000, how much will the partner receive?

• A) $2,000
• B) $1,000
• C) $2,500
• D) $3,000
• E) Nothing

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