When a partner leaves a partnership,it is possible that total assets will be unaffected.

Question

Quizplus · Accepted Answer

When a partner leaves a partnership, the total assets of the partnership may remain the same if the leaving partner's share of assets is distributed among the remaining partners, or if new assets are acquired to replace the leaving partner's contribution. However, if the leaving partner's share of assets is taken out of the partnership without being replaced, the total assets of the partnership would decrease.

When a Partner Leaves a Partnership,it Is Possible That Total