1)debt balance of partners' capital means insolvent according to the installment liquidation. Select one: True False 2)In simple liquidation cash should be distributed to partners If all gains and losses are not realized Select one: True False 3)the partner may take interest on capital balance this amount also distribution of income not expenses Select one: True False 4)the credit side of journal entry when new partner entering the partnership is cash or assets transfers Select one: True False 5)in liquidation all partner must be paid equal amount Select one: True False