1.
The advantages of a corporation compared to a sole
proprietorship or partnership include:
2.
Preferred stock is called preferred because it usually has two
preferences over common stock. These preferences relate to:
3.
When a company issues 34,000 shares of $5 par value common stock
for $50 per share, the journal entry for this issuance would
include:
4.
Environmental Designs issues 5,000 shares of its $1 par value
common stock at $10 per share. (1) Record the issuance of...