period of time. Corporations grant these rights to spreferred stockholders demnloxees and executives common stock and 100,000 shares of $25 par value preferred stock with a 6% dividend rate. 200,000 common shares were issued at $5 per share and 5,000 preferred shares were issued at $28 per share when the corporation was formed on January 2. Which of the following is correct regarding the journal entries on January 2 to record the stock issuance? a Preferred Stock is credited for $125,000 b. Adlitional Paid-In Capita on Stock is credited for $325,000 Additional Paid-In Capital- Preferred Stock is debited for $15,000 d.Common Stock is debited for $815,000 When a corporation purchases its own previously issued stock, the stock that it buys back is called treasury stock. What is one reason that a corporation would NOT want to buy treasury stock? an u