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