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:

Chemical Barrier

A chemical barrier refers to a mechanism of defense provided by the secretion of chemicals that deter pathogens or predators.

Pathogens

microorganisms that cause diseases in their hosts.

Foreign Substance

Any material or substance that is not naturally part of an object or body and may be harmful or benign.

Disease-causing Agent

An organism or substance that is capable of producing disease, such as bacteria, viruses, or toxins.