If the Company issues 2,000 shares common stock ($5 par value) for $30,000, O A. Paid-in capital in Excess of Par Value will be credited for $20,000. OB. Paid-in capital in Excess of Par Value will be credited for $10,000 OC. Cash will be debited for $20,000 OD. Common Stock will be credited for $30,000. If 3,000 shares of the treasury stock, previously acquired at $12 per share, are sold at $15 per share. The entry to record this transaction will include a O A. credit to Treasury Stock for $36,000. OB. debit to Treasury Stock for $36,000. C.debit to Paid-in Capital from Treasury Stock for $9,000. OD.credit to Paid-in Capital from Treasury Stock for $24,000. Which of the following statements is not an advantage of corporate characteristics? A. The life of a corporation is not tied to the physical lives of its owners. OB. Shares are transferred from one stockholder to another without affecting the corporation or its operations. OC. Any stockholder can commit or bind the corporation to any contract within the scope of the corporation business D. Stockholders are protected from personal liability for corporate debts and claims if these are not fulfilled. A corporation was formed on January 1. The corporate charter authorized 100,000 shares of $10 par value common stock. During the first month of operation, the corporation issued 300 shares to its attorneys in payment of a $5,000 charge for organizing the corporation. The entry to record this transaction would include: O A. A debit to Organization Expenses for $3,000 OB. A credit to Common Stock for $5,000 OC. A credit to Paid-in Capital in Excess of Par Value, Common Stock for $5,000 OD. A debit to Organization Expenses for $5,000