Which of the Following Statements Is False Concerning Partnership Liquidating

question 97

Multiple Choice

Which of the following statements is false concerning partnership liquidating distributions?

• A)A partner who receives a liquidating distribution can retain an interest in the partnership.
• B)A partnership agreement may restrict the sale of a partnership making a liquidating distribution the only way a partner can close out his interest in the partnership.
• C)Liquidating a single partner's interest is similar in concept to a corporate redemption of a shareholder's interest.
• D)None of these statements is false

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Definitions:

Resource Acquisition

The process by which firms obtain necessary inputs and resources to carry out their operations.

Productivity

The measure of how efficiently production inputs, such as labor and capital, are converted into outputs, or goods and services.

Turnover

Refers to people leaving their jobs, whether voluntarily or involuntarily (i.e., through firings).

Absenteeism

The habitual non-presence of an employee at their job, which can include both justified absences, such as illness, and unjustified absences.