Which of the Following Is True About Partnership Rules for Mining

question 41

Multiple Choice

Which of the following is true about partnership rules for mining partnerships?

• A)Mining partnerships are easiest to dissolve.
• B)The transferability of mining partnership interest is restricted.
• C)A mining partner may sell his interest to another person.
• D)The death of a mining partner affects a dissolution.

---

Definitions:

Growth And Decline

Refers to the phases in the business cycle or individual investments where they experience an increase in value (growth) or a decrease in value (decline).

Return On Assets

Return on Assets (ROA) is a profitability ratio that measures how efficiently a company can manage its assets to produce profit during a period.

Cost Effectiveness

An evaluation criterion that compares the relative costs and outcomes (effects) of two or more courses of action.

Common Size Income Statement

A financial statement in which all items are expressed as a percentage of total sales, facilitating ratio analysis and comparison.