Antalya Corporation acquired 21200 shares of its own common stock at $22 per share on February 5, 2019, and sold 10600 of these shares at $29 per share on July 9, 2020. The fair value of Antalya's common stock was $26 per share at December 31, 2019, and $27 per share at December 31, 2020. The cost method is used to record treasury stock transactions. What account(s) should Antalya credit in 2020 to record the sale of 10600 shares? a. Treasury Stock for $275600 and Retained Earnings for $31800. b. Treasury Stock for $307400. c. Treasury Stock for $233200 and Paid-in Capital from Treasury Stock for $74200. d. Treasury Stock for $233200 and Retained Earnings for $74200. e. None of the above.

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.