1 1 point 2 Identify if the corporate characteristic is an advantage or disadvantage. Advantage No Answers Chosen Possible answers Disadvantage No Answers Chosen Continuous life Government Regulation Taxation Limited Liability Ease of capital accumulation 1 point ABC Corporation issued 5,000 shares of $1 par common stock for $12,000. The entry to record this transaction would include 0000 A credit to Cash for $12,000 A credit to Paid-in Capital in Excess of Par for $7,000 A debit to Cash for $5,000 A credit to Common Stock for $12,000