Only need answers to those questions. Thank you in advance!

41. Stock is attractive to investors because stockholders are not liable for the corporation's actions and debts and because stock is easily transferred. True or False 42. Retained earnings generally consists of a company's cumulative net income less any net losses and dividends declared. True or False 43. Cash dividends reduce Retained Earnings. True or False 44. A liability for a cash dividend does not exist until the directors declare a cash dividend. True or False 45. Par value of a stock refers to the: A. Issue price of the stock B. Value assigned per share by the corporate charter C. Market value of the stock on the date of the financial statements. D. Maximum selling price of the stock E. Dividend value of the stock 46. The number of shares a corporation's charter allows it to sell: A. Issued B. Authorized C. Subscribed D. Outstanding E. In treasury 47. A company issued 60 shares of $100 par value common stock for $7,000 cash. The journal entry to record the issuance is: A. Debit cash $7,000; credit Common stock $7,00 B. Debit Investment in Common stock $7,000; credit Cash $7,000 C. Debit Cash $7,00; credit Common stock $6,000; credit Paid in Capital in Excess of Par Value, Common Stock $1,000 D. Debit Common stock $6,000, debit Investment in Common stock $1,000; credit Cash $7,000 E. Debit Cash$7,000; credit Paid in capital in Excess of Par Value, Common Stock $6,000, credit Common Stock $1,000. 48. Organization expenses of a corporation often include legal fees and promoter fees. True or False 49. A proxy is a document that gives a designated agent the right to vote a shareholder's stock. True or False 50. In the absence of a partnership agreement, income of a partnership will be shared equally by the partners. True or False