please answer me i have 10 min

When allocating profit or loss in a partnership, partners must allocate profit or loss based on their capital balances. True False In liquidating a partnership, capital deficiency exists when all partners have a credi balance in their capital accounts. True False Cash withdrawals by a partner are increasing his/her capital account. True False When a new partner is admited to an existing partnership, the business (the company) must be closed and re-open again. True False