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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