Attached is a document containing 4 accounting questions that i need assistance with.

1. Following is a list describing various features of the corporate form of organization. Match each feature with an appropriate descriptive term, and note whether this feature is an advantage or disadvantage of the corporate entity. TERM The ability of a company to raise capital by issuing shares to the public The ability of an existing shareholder to sell shares without corporate approval The ability of the government to tax corporate earnings and dividends Periodic regulatory filings The ability of different individuals to pool resources The inability of creditors to pursue individual shareholders The life of the entity can exceed the life of the shareholders TERMS: Limited Liability Double Taxation Perpetual Existence Transferability of Ownership Mutual Ownership Cost of Regulation Publicly Traded ADVANTAGE OR DISADVANTAGE Publicly Traded Advantage 2. Evaluate the following list, and decide if each described attribute more likely relates to a common stock or preferred stock issue. Common The stock is described as 6%, cumulative Preferred The stock includes voting rights The stock is last in line in the event of liquidation The stock is convertible The stock ordinarily pays a fixed dividend The stock may be subject to significant appreciation The stock has a "call price" The stock has a mandatory redemption date 3. Prepare journal entries to record each of the following independent stock issue situations. (a) Sherri Hui Corporation issued 100,000 shares of $1 par value common stock. The issue price was $30 per share. (b) Ariana Corporation issued 50,000 shares of no par common stock for $10 per share. (c) Laser Golf issued 40,000 shares of $100 par value preferred stock. The issue price was $102 per share. (d) Charleston Industries issued 5,000 shares of $5 par value common stock for land with a fair value of $75,000. 4. Krull Corporation presented the following selected information. The company has a calendar year end. Before considering the effects of dividends, if any, Krull's net income for 20X7 was $2,500,000. Before considering the effects of dividends, if any, Krull's net income for 20X8 was $3,000,000. Krull declared $750,000 of dividends on November 15, 20X7. The date of record was January 15, 20X8. The dividends were paid on February 1, 20X8. Stockholders' equity, at January 1, 20X7, was $5,000,000. No transactions impacted stockholders' equity throughout 20X7 and 20X8, other than the impact of earnings and dividends on retained earnings. (a ) Prepare journal entries, if needed, to reflect the dividend declaration, the date of record, and the date of payment. (b ) (c ) (d ) How much was net income for 20X7 and 20X8? How much was total equity at the end of 20X7 and 20X8? Is total "working capital" reduced on the date of declaration, date of record, and/or date of payment