Which one of the following is not a feature of 1 a. Limited life. partnerships? b. Limited liability Mutual agency. C- d. Voluntary association. assets and paying the proceeds to creditors and owners refers to a. dissolution. b. unlimited liability. c. mutual agency. d. liquidation. A and B receive a salary allowance of S63,000 and $81,000, respectively, and share nder equally. If the company earned $90,000 during the period, what is the effece 3. Partners the remai on A's capital? a. $63,000 increase. b. $36,000 decrease c. $36,000 increase. d. $45,000 increase. 4 A invests $60,000 for a one-fifth interest in a partnership in which the other partners have tal totaling $180,000 before admitting A. After distribution of the bonus, what would capital t A's capital be? a. $32,000. b. $36,000. c. $60,000. d. $48,000. B invests $120,000 for a 20 percent interest in a partnership that has total capital of $400,000 after admitting B. Which of the following is true? a. B's capital is $120,000. b. B's capital is $56,000. c. B received a bonus of $40,000. d. The original partners received a bonus of $40,000. 5