if X,Y,Z are three partners on 1/1/2020 the capital balance are ( 10,000 15,000 20,000) respectively on the same date X agree to purchase 50% of Z capital

what are the Debit side of the journal ?

Select one:

a. cash 10,000

b. x capital 10,000

c. cash 20,000

d. Z capital 10,000

The distribution of cash to partners in a partnership liquidation is made based on the partners' income sharing ratio

Select one:

True

False