A Partner Can Withdraw from a Partnership By

question 56

Multiple Choice

A partner can withdraw from a partnership by:

• 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) All of these.

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Definitions:

Pilot

Any of a number of devices that receives a signal and then effects an action; can also be known as a relay.

Spool

A cylindrical device around which materials such as thread, wire, or film are wound for storage.

Swashplate Pump

A type of hydraulic pump where a rotating swashplate controls the flow of fluid, used in various high-pressure hydraulic systems.

Wobble Plate

A mechanical component used in axial piston pumps or engines to convert rotational motion into linear motion, or vice versa, through its off-center rotation.