Question on: SS2 Accounting - Dissolution of Partnership: Meaning
What are some reasons why partners may decide to dissolve a partnership?
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A
Retirement, death, bankruptcy, or simply because the partners no longer wish to work together.
B
To merge with another partnership and form a larger entity.
C
To transfer ownership of the partnership to a single partner.
D
To avoid paying taxes on the partnership's profits.
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Correct Option: A
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