[ҳҲҳŔỜŔỜҳҲҳ]

40. A general partner in a partnership
a. has unlimited liability for all partnership debts.<<الجواب
b. is always the general manager of the firm.
c. is the partner who lacks a specialization.
d. is liable for partnership liabilities only to the extent of that partner's capital equity.


Becker Company is a publicly held corporation whose $1 par value stock is actively traded
at $20 per share. The company issued 2,000 shares of stock to acquire land recently
advertised at $50,000. When recording this transaction, Becker Company will
a. debit Land for $50,000.
b. credit Common Stock for $40,000.
c. debit Land for $40,000.<<الجواب
d. credit Paid-In Capital in Excess of Par Value for $48,000