Effects of Partner Departure on Partnership Assets Quiz
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Questions and Answers

When a partner leaves a partnership, what happens to the total assets?

  • The total assets always increase
  • The total assets always decrease
  • The total assets may remain unaffected (correct)
  • The total assets are divided equally among the remaining partners

What is a possible outcome when a partner exits a partnership?

  • The partnership's total assets always increase
  • The partnership's total assets always decrease
  • The partnership's total assets are distributed among all partners
  • The partnership's total assets may not change (correct)

What effect can the departure of a partner have on the total assets of a partnership?

  • The total assets always increase
  • The total assets might not be impacted (correct)
  • The total assets always decrease
  • The total assets are absorbed by the departing partner

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