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How would involves consolidating the partnership

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A partnership was approached by a corporation that would like to acquire them by a stock acquisition. The partnership has no authorized stock, and the corporation does not want to pay cash for the partnership. The partnership is valued at $4,000,000 today. Reading the partnership agreement, you find that the partnership can be terminated at any time with the consent of the partners. They do not want to dissolve the partnership. The corporation very much wants to purchase the partnership.

Question 1: In your expansive knowledge of accounting, what would you suggest the partnership do, as well as the corporation to make this consolidation happen? The only solution involves consolidating the partnership and the corporation. How would you, the accountant, resolve this issue?

Reference no: EM132467740

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