Natalia and Eric each own 40% of partnership NEW. On August 15, 2021, Natalia sold her interest to Walter, a 20% partner. On August 29, 2021, Eric sold his interest to Wendy. When does the partnership terminate? August 15, 2021. August 29, 2021. December 31, 2021. The partnership does not terminate.
Natalia and Eric each own 40% of partnership NEW. On August 15, 2021, Natalia sold her interest to Walter, a 20% partner. On August 29, 2021, Eric sold his interest to Wendy. When does the partnership terminate? August 15, 2021. August 29, 2021. December 31, 2021. The partnership does not terminate.
Chapter20: Corporations And Parterships
Section: Chapter Questions
Problem 33CE
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Natalia and Eric each own 40% of partnership NEW. On August 15, 2021, Natalia sold her interest to Walter, a 20% partner. On August 29, 2021, Eric sold his interest to Wendy. When does the partnership terminate?
August 15, 2021.
August 29, 2021.
December 31, 2021.
The partnership does not terminate.
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