4.Which of the following is
not a major advantage of a corporate form of
organization?
Separate legal existence.
Continuous life.
Government regulations.
Transferable ownership rights.
5. ABC Corporation issues 1,000 shares of $10
par value common stock at $12 per share. In recording the
transaction, credits are made to:
Common Stock $10,000 and Paid-in Capital in Excess of Stated
Value $2,000.
Common Stock $12,000.
Common Stock $10,000 and Paid-in Capital in Excess of Par
$2,000.
Common Stock $10,000 and Retained...