Question
Which of the following statements best describes the effect of the assignment of an interest in a general partnership? The assignee becomes a partner. The
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.
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Auditing and Assurance Services
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
6th edition
978-1259197109, 77632281, 77862341, 1259197107, 9780077632281, 978-0077862343
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