Question 19 (2 points) Saved ) Listen In the absence of a partnership agreement, the law says that income (and loss) should be allocated based on: A) The ratio of capital investments. B) Salary allowances. C) Equal shares. D) Interest allowances. E) All of the above. Question 20 (2 points) ) Listen E A capital deficiency means that: A) The partnership has a loss. B) The partnership has more liabilities than assets. C) At least one partner has a debit balance in his/her capital account. D) At least one partner has a credit balance in his/her capital account. E) The partnership has been sold at a loss