Discussion Question $11-8($L$0.11)$

For the events listed, select "Yes" for those describe that how a partnership is terminated, otherwise, select $"$No$".$

An existing partnership incorporates.

One party purchases the interest of the other party in a two$-$party partnership.

One party in a two$-$party partnership is liquidated from the partnership under $736.$

There is a sale or exchange of $30\%$ or more of the total interest in partnership capital and profits within a $12-$month period.

A partnership liquidates and distributes all its assets to its partners.

The entry of a new partner to the partnership.