4. Which of the following partnership transactions are merely transfers of equity?* a. Northwest retires from the partnership ad the partnership pays him P50,000 as full settlement of his capital balance. b. North invests P20,000 cash for a 20% interest in the partnership. The partners agreed capital is P125,000 and the contributed capital of old partners are P105,000 c.Southeast dies and his wife receives settlement amounting to P80.000 from the partnership. d. South withdraws from the partnership when his interest was bought out by his co-partners West and East. 5. It is a change in the partnership which is caused by a partner ceasing to be associated in the carrying of the partnership business:* a. Liquidation b. Annulment c. Divorce d.Dissolution