Exercises $4-1.$ Identification. Give the accounting terms that best suit the following statements:

It occurs every time a new partner is admitted to a partnership or an existing partner leaves the partnership.

It is the new proportion of the partnership's book value.

This is a type of dissolution where the capital balances of the old partners will remain unchanged if the old partners sold capital interest to a new partner.

This is a type of dissolution where the new partner is investing cash or resources to be accepted as a new partner.

This a structure where it ends the association of individuals for their original purpose but does not necessarily mean the termination of the business or an interruption in its operation.

This is the amount of capital or equity by one partner transferred to another, with no cash consideration, for the good reputation, industry and$/$or business advantage of the latter.

This is a mode of dissolution where a partner is withdrawing from the firm.

This is a type of asset revaluation where a new partner's capital balance is more than his$/$her investment.

This is a type of asset revaluation where a new partner's capital balance is less than his$/$her investment.

This is the amount provided to a retiring partner to settle his$/$ her capital interest.