Credit to Additional Paid-In Capital 51.400 D Question 42 2 pts Limited Liability means: Companies are less likely to be sued if they are formed as a Corporation Stockholders of a Corporation are not obligated to pay the Corporation's debts out of their own personal resources Companies are not allowed to borrow unless they are prohtable. Labilities of a company cannot exceed its Assets U Question 43 2 pts Which of the following is correct regarding a Petty Cash Fund? Peth Cash Fund represents Cash on hand at the business for quick access and minor small) expenditures Petty Cash Fund represents Cash kept of the business location for emergency expenditures When Cash from this fund is taken out, it should be replaced with Cash immediately Petty Cash Fund is used for major purposes. MacBook Air 09 . 6 Fe PIN FB DO 70 6 & 7 N 00 8 9 0 Y U O O