Ask Question
BusinessBusiness
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.

+3
Answers (1)
  1. 21 January, 08:05
    0
    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.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “All but one of the following is included in partnership winding up activities: a. Signing new contracts for the partnership. b. Accounting ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
A fire destroyed a warehouse of the Goren Group, Inc., on May 4, 2013. Accounting records on that date indicated the following:Merchandise inventory, January 1, 2013 $ 1,900,000 Purchases to date 5,800,000 Freight-in 400,000 Sales to date 8,200,000
Answers (1)
A personnel manager is concerned about absenteeism. She decides to sample employee records to determine if absenteeism is distributed evenly throughout the six-day workweek.
Answers (1)
Around 500 thousand adults in georgia do not have health insurance. in 2011, a study conducted on 200 individuals from this group found that 12 had filed for bankruptcy in the past suggesting that uninsured georgian adults have 20 times more chances
Answers (1)
If data indicate the economy is in recession and members of Congress are working to pass legislation to encourage economic growth, which of the following has almost certainly occurred?
Answers (1)
It is claimed that mutual funds have two advantages. The first is that mutual funds allow people with small amounts of money to diversify.
Answers (1)
New Questions in Business
A structure within which executives, managers, specialists, and workers are broken out is commonly known as what type of structure?
Answers (1)
What way of calculating ROI makes it easiest to compare investments?
Answers (1)
Select the correct answer. Which assumption is a factor in Ricardo's Theory of International Trade? A. trade flow is restricted across borders B. trade laws are different in different nations C. labor is an irrelevant factor of production D.
Answers (1)
Some company executives favor the idea of contract manufacturing using local players, whereas others feel a direct investment strategy would be better. What would most strengthen argument for direct investment?
Answers (1)
A company has a defined benefit pension plan for its employees. On December 31, year one, the accumulated benefit obligation is $45,900, the projected benefit obligation is $68,100, and the fair value of the plan assets is $62,000.
Answers (2)
Home » Business » 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.
Sign Up Forgot Password?