A Partner Can Withdraw from a Partnership by Any of the Following

question 123

Multiple Choice

A partner can withdraw from a partnership by any of the following means except:

• A)Selling his/her interest to another person for cash.
• B)Selling his/her interest to another person in exchange for assets.
• C)Receiving cash from the partnership in the amount of his/her interest.
• D)Receiving assets from the partnership in the amount of his/her interest.
• E)Close the business and liquidate the assets under the mutual agency principle.

---

Definitions:

Communication Technologies

Tools and applications that facilitate the exchange of information through various means, including digital, electronic, and traditional media.

Fiber-Optic Networks

Telecommunications infrastructure that uses glass or plastic fibers to transmit data at high speeds using light signals.

DSL

Digital Subscriber Line, a technology for bringing high-bandwidth information to homes and businesses over ordinary copper telephone lines.

Cable

in finance, refers to the GBP/USD exchange rate in forex trading; in telecommunications, it refers to insulated wire or wires having a protective casing used for transmission of electricity or telecommunication signals.