the partner may take interest on capital balance this amount also distribution of income not expenses Select one: True False The liquidation of a partnership means that a new partner has been admitted to the partnership. Select one: True O 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: a. 18,000 b. 16,000 c. 12,000 d. 24,000 The withdrawal of a partner legally dissolves the partnership. Select one: True False Total partners' equity of a partnership is equal to the sum of all partners' capital account balances. Select one: True False