Proprietary funds report revenues and expenses using a modified-accrual basis of accounting True False Question 8 (0.5 points) A partnership is considered insolvent if the cash available after all noncash assets have been converted into cash is not enough to pay partnership creditors True False Question 9 (0.5 points) The liquidation of a partnership is covered under Section 807 of the Uniform Partnership Act of 1997. True False