The Winding-Up Stage in the Termination of a Partnership Is

The winding-up stage in the termination of a partnership is complete when which of the following happens?

A) When all claims against the partnership by third parties are either settled or resolved in court.
B) When the partnership is dissolved.
C) When all assets of the partnership are sold.
D) When account is taken of the assets of the partnership and the assets are distributed among the partners.
E) When all partners sign releases terminating the partnership.