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The disadvantages of the corporate form of business include: 37. Ability to transfer ownership. Additional taxes. Limited liability. Ability to raise capital. A. B. C.

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The disadvantages of the corporate form of business include: 37. Ability to transfer ownership. Additional taxes. Limited liability. Ability to raise capital. A. B. C. D. 38. Issued stock refers to the number of shares: Outstanding plus treasury shares. A. B. Authorized. C. D. In the hand of stockholders. That may be issued under state law. Barry Corp. issued 10,000 shares of $1 par value stock for $5 per share. What is true about the journal entry to record the issuance? A. Debit Common Stock $10,000. B. Credit Cash $50,000 C. Credit Common Stock $50,000. D. Credit Additional Paid-In Capital $40,000. 39. 40. Which of the following has the lowest expected return to the investor? A. B. Bonds. Preferred Stock. Common Stock. They all have similar expected returns. C. D

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