On january 1, year 1, ward corp. granted stock options to corporate executives for the purchase of 20,000 shares of the company's $20 par value common stock at $48 per share. all stock options were exercised ondecember 28, year 1. using an acceptable option pricing model, ward calculated total compensation cost of $240,000. the quoted market prices of ward's $20 par value common stock were as follows: january 1, year 1 $45december 28, year 1 60as a result of the grant and exercise of the stock options and the issuance of the common stock, ward's additional paid-in capital increased by:

Which of the following statements is correct? a major disadvantage of a partnership relative to a corporation is the fact that federal income taxes must be paid by the partners rather than by the firm itself. in a typical partnership, liability for other partners’ misdeeds is limited to the amount of a particular partner’s investment in the business.true in a limited partnership, the limited partners have voting control, while the general partner has operating control over the business, and the limited partners are individually responsible, on a pro rata basis, for the firm’s debts in the event of bankruptcy. partnerships have more difficulty attracting large amounts of capital than corporations because of such factors as unlimited liability, the need to reorganize when a partner dies, and the illiquidity of partnership interests.