interest on capital for partner is closed with income summary as expenses in the end of the year 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: o a. 16,000 b. 24,000 C. 18,000 d. 12,000 A bonus to the remaining partners results when a retiring partner receives partnership assets which are less than his or her capital balance on the date of withdrawal. Select one: O True False