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Which is not a valid reason for partnership dissolution

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Reference no: EM132744923

Problem 1: Which is not a valid reason for partnership dissolution?

a. admission of a new partner

b. retirement of a partner

c. declaration of partner's insolvency

d. partnership incurred net loss for the year

Problem 2: When a partner retires from a partnership taking assets greater than his capital balance,

a. no bonus will occur

b. the withdrawing partner receives a bonus

c. the remaining partners receive a bonus

d. none of the above

Reference no: EM132744923

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