l. Which one of the followingis not a ature of prenhipe? a. Limited life. b. Limited liability c. Mutual agency. d. Voluntary association. Selling partnership assets and paying the proceeds to creditors and owners refers to a dissolution. b. unlimited liability. c. mutual agency d. liquidation. 2. Partners A and B receive a salary allowance of $63,000 and $81,000, respectively, and share the remainder equally. If the company earned $90,000 during the period, what is the effect on A's capital? a. $63,000 increase. b. $36,000 decrease. c. $36,000 increase. d. $45,000 increase. 3. A invests $60,000 for a one-fifth interest in a partnership in which the other partners have capital totaling $180,000 before admitting A. After distribution of the bonus, what would A's capital be? a. $32,000. b. $36,000. C. $60,000. d. $48,000. 4. 5. B invests $120,000 for a 20 percet interest in a partnership that has total capital of$400.000 after admitting B. Which of the following is true? a. B's capital is $120,000. b. B's capital is $56,000. c. B received a bonus of $40,000. d. The original partners received a bonus of $40,000