Problem #1 of 23 When treasury stock is purchased, Treasury Stock is a. debited for the purchase price of the stock. b. credited for the par value of the stock. C. credited for the purchase price of the stock. . d. debited for the par value of the stock. Problem #2 of 23 WN An advantage of the corporate form of business entity is a. that corporations are subject to more governmental regulations. b. unlimited liability for stockholders. c. the ease of transfer of ownership. od. double taxation. ITIL ILJI Problem #3 of 23 2 A corporation issues 2,000 shares of common stock for $32,000. The stock has a stated value of $12 per share. The journal entry to record the stock issuance would include a credit to Common Stock for a. $12,000. ob. $32,000. c. $2,000. od. $24,000