When a partnership terminates business, the sale of noncash assets is called _____.
a. liquidation.
b. realization.
c. recognition.
d. disposition.
Answer is a. liquidation.
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A) personal selling B) sales promotion C) direct marketing D) advertising E) public relations
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A. dyad level B. organizational level C. industry level D. individual level
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A) Operating activity B) Investing activity C) Financing activity D) Noncash investing and financing activity