Which of the following is an advantage of the corporate form of business? Unlimited liability Double taxation The ability to raise large amounts of capital Subject to numerous governmental regulations Which part of stockholders' equity contains the various stock amounts? Retained earnings Stock equity Stock surplus equity Paid-in capital Which of the following is false about the taxation of a corporation? If there's net income, but no dividends paid, it is taxed just once. If the net income is paid as dividends, it is taxed twice. The stockholders are taxed on net income regardless of dividends Each stockholder pays tax on the dividends she receives. Star, Inc. has the following account balances; Common Stock. $3 par, $240,000; Paid-in-Capital in Excess of Par-Common, $480,000. How many shares of common stock were issued? 240,000 120,000 80,000 480,000 Star, Inc. has the following account balances; Common Stock, $3 par. $240,000; Paid-in Capital in Excess of Par-Common, $480,000. How much per share was received for the common stock? $3 $6 $9 $720,000 When a corporation acquires treasury stock, what is the effect on the corporation? Assets increase, liabilities increase One asset increases, another asset decreases. Assets decrease, stockholders equity decreases It is just a memo and has no effect