Which of the following is considered a partnership termination? (1) over 50% of
ID: 2596757 • Letter: W
Question
Which of the following is considered a partnership termination? (1) over 50% of operations are discontinued, and no part of any business, financial operation, or venture is continued by any of its partners in a partnership. (2) All of it’s operations are discontinued, and no part of any business, Financial operation, or venture is continued by any of its partners in a partnership. (3) over 50% of its operations are discontinued, and less than 50% of the business, financial operation, we’re venture is continued by any of its partners in a partnership. (4) all of its operations are discontinued, and less than 50% of the business, financial operation, or venture is continued by any of its partners in a partnership. Which of the following is considered a partnership termination? (1) over 50% of operations are discontinued, and no part of any business, financial operation, or venture is continued by any of its partners in a partnership. (2) All of it’s operations are discontinued, and no part of any business, Financial operation, or venture is continued by any of its partners in a partnership. (3) over 50% of its operations are discontinued, and less than 50% of the business, financial operation, we’re venture is continued by any of its partners in a partnership. (4) all of its operations are discontinued, and less than 50% of the business, financial operation, or venture is continued by any of its partners in a partnership. (1) over 50% of operations are discontinued, and no part of any business, financial operation, or venture is continued by any of its partners in a partnership. (2) All of it’s operations are discontinued, and no part of any business, Financial operation, or venture is continued by any of its partners in a partnership. (3) over 50% of its operations are discontinued, and less than 50% of the business, financial operation, we’re venture is continued by any of its partners in a partnership. (4) all of its operations are discontinued, and less than 50% of the business, financial operation, or venture is continued by any of its partners in a partnership.Explanation / Answer
All of it’s operations are discontinued, and no part of any business, Financial operation, or venture is continued by any of its partners in a partnership. Option 2 is correct