39. You have a 24% interest in a Limited Partnership. The partnership produces $400,000 in profits this year. You also own 30% of the shares in a Corporation. It produces $400,000 in pre-tax profits this year. Its tax rate is 20% and its payout ratio is 100%. You are in the 33% tax bracket. Which of your two investments produces more income for you? a) b) c) the limited partnership the corporation the same need to know the total number of shares in the corporation 40. What is the relationship between preferred shareholders and the corporation? a) Owners b) Creditors c) Customers d) Employees 41. Goodwill represents: a) the excess of market value above book value of a target company, hence becomes a liability of the acquiring company. b) the excess of book value above market value of a target company, hence becomes a liability of the acquiring company. c) the excess of market value above book value of a target company, hence becomes an asset of the acquiring company. d) the excess of market value abdye book value of an acquiring company, hence becomes a liability of the target company. e) the excess of book value above market value of a target company, hence becomes an asset of the target company