Stanley and Martin formed a partnership to engage in the trucking business. Stanley contributed the capital and Martin was to contribute the labor. However, Stanley did not want his name associated with the partnership due to interests in other trucking businesses. Martin was involved in an accident while carrying goods on behalf of the partnership. Which of the following would Stanley not be liable for as a result of the accident?
A. Damages caused by the accident.
B. Illegal drug activities when the police discovered their business was transporting illegal drugs.
C. Rental of the truck when the lessor thought it was dealing with Martin individually.
D. Illegal drug activities when Martin was also carrying illegal drugs in the truck unknown to Stanley.
Answer: D. Illegal drug activities when Martin was also carrying illegal drugs in the truck unknown to Stanley.
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On January 1, 2017, Walker Sales issued $30,000 in bonds for $23,300
These are eight-year bonds with a stated rate of 11%, and pay semiannual interest. Walker Sales uses the straight-line method to amortize the bond discount. After the second interest payment on December 31, 2017, what is the bond carrying amount? (Round your intermediate answers to the nearest cent, and your final answer to the nearest dollar.) A) $24,138 B) $23,719 C) $30,000 D) $23,300