Horngren's Accounting (11th Edition)
Horngren's Accounting (11th Edition)
11th Edition
ISBN: 9780133856781
Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
Publisher: PEARSON
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Chapter 12, Problem 14RQ
To determine

Death of a partner:

A partnership agreement is a contract between the partners, so if a partner intentionally or willfully transfers or sells his or her whole interest, the partnership continues to exist. In case a partner dies suddenly, the agreement of the deceased partner is not included for partnership to be continued, so the partnership dissolves with the death of the partner.

To determine:

At the death of a partner, what happens to the partnership?

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Horngren's Accounting (11th Edition)

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