T F 1. General Partners are not required to pay partnership debts with personal<

Question

T          F          1.         General Partners are not required to pay partnership debts with personal<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

assets.

T          F          2.         General Partnerships and Limited Liability partnerships have the same

                                    disadvantages.

T          F          3.         Boards of Directors are considered a source of equity for companies.

T          F          4.         Paying stock dividends won%u2019t decrease a company%u2019s cash account.

T          F          5.         Dividends in arrears pertain to companies that are behind with common

                                    dividends.

T          F          6.         Dividend yield is based on dividends paid and the market value of the

                                    stock.

T          F          7.         Treasury stock is stock that has yet to be issued by a company.

T          F          8.         Cost of Goods Sold increases when Ending Inventory increases.

T          F          9.         If a non-involved individual buys a partner%u2019s interest only in a business,

                                    there will probably be no input on the partnership%u2019s books.

T          F          10.       Paid in capital is usually associated with companies that have stock that

                                    has no par value.

Explanation / Answer

1. false

2.false

3.false

4.true

5. true

6.true

7. true

8. false

9. true

10. false

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