Question 10 Which one of the following would not be considered an advantage of the corporate form of organization? Government regulation Continuous life Limited liability of owners Separate legal existence Question Question 11 Jason Thomas has invested $200,000 in a privately held family corporation. The corporation does not do well and must declare bankruptcy. What amount does Thomas stand to lose? The $200,000 plus any personal assets the creditors demand Zero. $100,000 Up to his total investment of $200,000 Question Attempts of I used URCES Question 12 If Waterway Company issues 5000 shares of $5 par value common stock for $190000, Paid-In Capital in Excess of Par will be credited for $25000. O Paid-In Capital in Excess of Par will be credited for $165000. Common Stock will be credited for $190000. 12 Cash will be debited for $165000. 10:46 AM / Remaining:69 min CALCULATOR BACK NEXT Question 13 Coronado Packaging Corporation began business in 2018 by issuing 29600 shares of $3 par common stock for $7 per share and 12100 shares of 6 year end, the common stock had a market value of $10. On its December 31, 2018 balance sheet, Coronado Packaging would report 510 por preferred stock for par. At Common Stock of 5296000 Common Stock of $88800. Paid in Capital of 300 Common stock of 5207200 Question Attempt e d