CH13.3 Do In Class Handout LO1. What is a corporation? a) List some of a corporation's unique characteristics i) iv) v) vi) Vi b) Give a brief explanation of the following: i) Authorized stock ii) Issued stock iii) Outstanding stock iv) Preferred stock v) Par Value - vi) Common stock c) What are the two parts of stockholder's equity? i) LO2. How is the issuance of stock accounted for? When issuing common stock at par value, the journal entry would be to debit credit a) and