43. Which one of the following would not be considered an advantage of the corporate foms of organization? A) Limited liability of stockholders. B) Separate legal existence Continuous life. Government regulation. D) 44. If common stock is issued for an amount greater than par value, the excess should be credited to A) Cash. B) Retained Earnings 9/ "paid-in Capital in Excess of Par Value D) Legal Capital 45. Johnson Company issued 900 shares of no-par common stock for $15,300. Which of the following journal entries would be made if the stock has no stated value? A Cash 15,300 Common Stock-No-Par Value 15,3 B) Cash 15,300 Common Stock-No-Par Value Paid-in Capital in Excess of Par 900 14,400 C). Cash 15,300 Common Stock- No-Par Value Paid-in Capital in Excess of Stated Value 900 14,400 D) Common Stock-No-Par Value 15,300 Cash 15,300 Which of the following statements about treasury stock is true? A) Few corporations have treasury stock. B Purchasing treasury stock is done to eliminate hostile shareholder buyouts. C) Companies acquire treasury stock to increase the number of shares outstanding 46. D) Companies acquire treasury stock to decrease earnings per share