What is the answer to this question? Partner Jose decided to withdraw from the partnership hethen sold his interest to the partnership. What will be thesource of payment to Partner Jose?APartners assetsB) Partnership assetsC) Partnership creditorsDnone

Option A is wrong because partners' assets are the personal property of the partners and they are…

Answered: source of payment to Partner

Business

Accounting

source of payment to Partner

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter21: Partnerships

Section: Chapter Questions

Problem 5BCRQ

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What is the answer to this question?

Partner Jose decided to withdraw from the partnership he
then sold his interest to the partnership. What will be the
source of payment to Partner Jose?
A
Partners assets
B) Partnership assets
C) Partnership creditors
D
none

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