February 2025

MCQ Quiz – Practice Questions MCQ Quiz Question 1 In dissolution, what is the primary action regarding the firm's assets? Revaluation Transfer to a new entity Sale Donation C Correct Answer: Sale Question 2 What happens to the business during dissolution? It continues operating as usual It merges with another firm It is closed It

MCQ Quiz – Practice Questions MCQ Quiz Question 1 In dissolution, what is the primary action regarding the firm's assets? Revaluation Transfer to a new entity Sale Donation C Correct Answer: Sale Question 2 What happens to the business during dissolution? It continues operating as usual It merges with another firm It is closed It