Which of the following statements is false concerning partnership liquidating distributions?
A) Liquidating a single partner's interest is similar in concept to a corporate redemption of a shareholder's interest.
B) A partner who receives a liquidating distribution can retain an interest in the partnership.
C) A partnership agreement may restrict the sale of a partnership making a liquidating distribution the only way a partner can close out his interest in the partnership.
D) None of these statements is false
Correct Answer:
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