iz: Reading Comprehensio x + He/content/106877/viewContent/1764178/View d) None of the above. Question 14 (2 points) Which of the following statements is true? a) Preemptive rights make it easy for a corporation to issue additional shares. b) A corporate entity is typically of unlimited duration. . C) One purpose of a corporation is to avoid "double taxation." d) A corporation can issue common or preferred stock, but not both. e) None of these. Download Print F Open with doc Reader > Activity Details topic 6:54 PM 5/18/2020 Quiz: Reading Comprehensio x + X 21/le/content/106877/viewContent/1764178/View ... Question 15 (2 points) Treasury stock transactions typical produce losses in the income statement, but not gains. a) True b) False Question 16 (2 points) Little Bo Beep Corporation issued 5,000 shares of $2 par value common stock. The issue price was $7.50 per share. The entry to record this transaction includes a: a) debit to Cash for $10.000. b) debit to Paid-in Capital in Excess of Par for $27.500. Download Print FOpen with docReader Activity Details topic 6:54 PM 5/18/2020 0 O 53 Quiz: Reading Comprehensio X + /d21/le/content/106877/viewContent/1764178/View Question 17 (2 points) A corporation is created by registering your business name, while appointing a board of directors and filing articles of incorporation. a) True b) False Question 18 (2 points) When the common stock account is disclosed on the balance sheet, it is reported at: a) current market value. b) average issue price. c) par or stated value. 19 6:55 PM 5/18/2020