True / False

1. Partnerships have an unlimited life and ownership can be easily transferred to any 3^rd party with a desire to be part of the firm.
2. Partners can invest both assets and liabilities in the partnership.
3. When an investor company owns between 20% and 50% of the voting stock of an investee company, it has a controlling influence.
4. A bond's par value is not necessarily the same as its market value.
5. Bonds do not affect owner control. Equity financing reflects ownership in a company, whereas bond financing does not.