A partner can withdraw from a partnership by:
A) Receiving cash or other assets of the partnership greater than the amount of his/her capital account.
B) Receiving cash or other assets of the partnership equal to the amount of his/her capital account.
C) Selling his/her interest to another person who pays for it with non-cash assets.
D) Selling his/her interest to another person who pays for it in cash.
E) All of these answers are correct.

Question

Quizplus · Accepted Answer

A partner can withdraw by receiving assets equal to their capital account, or by selling their interest to another person for cash or non-cash assets.

A Partner Can Withdraw from a Partnership By