A Partner Can Withdraw from a Partnership By

question 70

Multiple Choice

A partner can withdraw from a partnership by:

• A) Selling his/her interest to another person who pays for it in cash.
• B) Selling his/her interest to another person who pays for it with non-cash assets.
• C) Receiving cash or other assets of the partnership equal to the amount of his/her capital account.
• D) Receiving cash or other assets of the partnership greater than the amount of his/her capital account.
• E) All of these answers are correct.

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Definitions:

Token Economy

A behavioral modification technique where desirable behaviors are rewarded with tokens that can be exchanged for various privileges or treats.

Behavior Modification

A therapeutic approach that seeks to change undesirable behaviors through the systematic application of the principles of learning.

Cognitive Therapy

Therapy that teaches people new, more adaptive ways of thinking and acting; based on the assumption that thoughts intervene between events and our emotional reactions.

Behavior Modification

A form of psychotherapy that uses basic learning techniques to change maladaptive behaviors to more desirable ones.