This Question: 7 of 15 (0 complete)This Quiz: 20 p... The book value of the non-cash assets of the HLM partnership is $150,000. In liquidation, the partnership sells the non-cash assets for $165,000. Partners H, L, and M split profits equally. How should the partnership account for the sale of the non-cash assets? 9. O A. Increase each of the partners' capital accounts by $5,000 O B. Debit cash for $165,000 C. Credit the non-cash assets for $150,000 D. All of the above