Partnership Dissolution Quiz
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Questions and Answers

Which one of the following best describes partnership dissolution?

  • The formation of a business partnership
  • The termination of a business partnership (correct)
  • The expansion of a business partnership
  • The reorganization of a business partnership

    • What happens during partnership dissolution?

  • The partners transfer their assets to a new business
  • The partners sell their shares to new partners
  • The partners distribute the assets and liabilities of the partnership (correct)
  • The partners divide the profits

    • Why might a partnership be dissolved?

  • To increase the size of the partnership
  • To form a new partnership with different partners
  • To resolve conflicts between partners (correct)
  • To avoid paying taxes

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