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MC Qu. 5 The dissolution of a partnership occurs... The dissolution...

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Accounting

MC Qu. 5 The dissolution of a partnership occurs...

The dissolution of a partnership occurs

only when the partnership sells its assets and permanently closes its books.

at the end of each year, when income is allocated to the partners.

when there is any change in the individuals who make up the partnership.

only when a new partner is admitted to the partnership.

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