Which statement is FALSE when describing the withdrawal of a partner? O It can be paid for from partners' personal assets. O It can be paid for from partnership assets. O Paying with partnership assets affects only the remaining partners' capital accounts. O Paying with partners personal assets affects only the remaining partners' capital accounts.

Oracle 12c: SQL
3rd Edition
ISBN:9781305251038
Author:Joan Casteel
Publisher:Joan Casteel
Chapter1: Overview Of Database Concepts
Section: Chapter Questions
Problem 9MC
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Which statement is FALSE when describing the withdrawal of a partner?
O It can be paid for from partners' personal assets.
O It can be paid for from partnership assets.
O Paying with partnership assets affects only the remaining partners' capital accounts.
O Paying with partners personal assets affects only the remaining partners' capital accounts.
Transcribed Image Text:Which statement is FALSE when describing the withdrawal of a partner? O It can be paid for from partners' personal assets. O It can be paid for from partnership assets. O Paying with partnership assets affects only the remaining partners' capital accounts. O Paying with partners personal assets affects only the remaining partners' capital accounts.
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