3. If the income of a partnership is not sufficient enough to satisfy all of the provisions of the partnership’s profit-sharing agreement, how should this deficiency be handled? 4. Generally speaking,...

3. If the income of a partnership is not sufficient enough to satisfy all of the provisions of the partnership’s profit-sharing agreement, how should this deficiency be handled?

4. Generally speaking, what events or activities would normally result in a partner’s capital account being debited?