Which of the following statements best describes the effect of the assignment of an interest in a
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of the assignment of an interest in a general partnership?
The assignee becomes a partner.
The assignee is responsible for a proportionate share of
past and future partnership debts.
The assignment automatically dissolves the partnership.
The assignment transfers the assignor’s interest in partnership
profits and surplus.
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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