Which of the following will not result in the termination and liquidation of a partnership? 1) Partners are incompatible and choose to cease operations.
2) There are excessive losses that are expected to continue.
3) Retirement of a partner.
A) 1 only
B) 1 and 2 only
C) 2 and 3 only
D) 3 only
E) 1, 2, and 3
Correct Answer:
Verified
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