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21 January, 07:50

All but one of the following is included in partnership winding up activities: a. Signing new contracts for the partnership. b. Accounting to each partner for the value of his or her interest. c. Paying debts. d. Preserving partnership assets. e. Collecting partnership assets.

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  1. 21 January, 08:05
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    Signing new contracts for the partnership.

    Explanation:

    Winding up is one of the final two stages in the termination of a partnership. At this stage, the partnership continues to exist legally until all the business affairs are terminated. The collection and distribution of assets is the final business transaction of a partnership.

    At the winding-up stage, the main activities involve debt settlements, collections, and distribution of assets among the partners. The business, therefore, does commit to new business. It cannot sign more contracts.
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