11 - 1. 2. Which of these is not a major advantage of a...

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1. Which of these is not a major advantage of a corporation? A. Separate legal existence. B. Continuous life. C. Government regulations. D. Transferable ownership rights. 2. A major disadvantage of a corporation is: A. limited liability of stockholders. B. additional taxes. C. transferable ownership rights. D. None of the above. 3. Which of these statements is false ? A. Ownership of common stock gives the owner a voting righ B. The stockholders' equity section begins with paid-in cap C. The authorization of capital stock does not result in a for D. Legal capital is intended to protect stockholders. 4. ABC Corp. issues 1,000 shares of $10 par value common stock at $12 per share. When the transaction is recorded, credits are made to: A. Common Stock $10 Capital in Excess of B. Common Stock $12,000. C. Common Stock $10,000 and Paid-in Capital in Excess o D. Common Stock $10,000 and Retained Earnings $2,000. 5. Treasury stock may be purchased: A. to reissue the shares
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employees under bo compensation plans B. to signal to the stock market that management believes t underpriced.
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This note was uploaded on 02/28/2012 for the course ACCT 460 taught by Professor Charley during the Spring '12 term at Aachen University of Applied Sciences.

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11 - 1. 2. Which of these is not a major advantage of a...

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