The term paid in capital means: Total stockholder's equity minus retained earnings all assets other than retained earnings C Legal capital plus retained earnings Legal capital minus retained earnings QUESTION 21 The entry to record the issuance of common stock at a price above its par value Includes: C a credit to Additional Paid in Capital: Common Stock C a credit to Cash C a credit to a liability account for the difference between the price paid by the stockholders and the par value of the stock a debit to common stock QUESTION 22 A primary disadvantage of the corporate form of organization is; Corporate earnings are subject to double taxation C unlimited personal liability for business debts ownership is difficult to transfer management is separated from ownership