Which of the following statements regarding a partner withdrawal is false?
1) When a withdrawing partner receives more than the recorded value of their equity, they are in effect receiving a bonus.
2) A partner's death dissolves a partnership.
3) One way a partner can withdraw from a partnership is by selling their interest to another person in exchange for cash or other assets.
4) When a withdrawing partner takes less than the recorded value of their equity, they are essentially receiving a bonus from remaining partners.