debt balance of partners' capital means insolvent according to the installment liquidation.

Select one:

True

False

if X AND Y are two partner, the income ratio are 1:2 respectively if net income for 2019 was 36,000 what are the share of Y partner from net income

Select one:

a. 18,000

b. 24,000

c. 12,000

d. 16,000

Each partner's initial investment in a partnership should be recorded at book value.

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True

False