Which of the following is not considered an advantage of the corporate form of business organization?

A$.$ Ability to raise capital.

B$.$ Government regulation.

C$.$ Ease of transferability of ownership.

D$.$ Continuity of existence.

Which of the following entities would have the "Paid$-$in Capital in Excess" account in the equity section of the balance sheet?

A$.$ A sole proprietorship.

B$.$ A city.

C$.$ A corporation.

D$.$ A partnership.

Which of the following terms designates the maximum number of shares of stock that a corporation may issue?

A$.$ number of shares outstanding

B$.$ number of shares authorized

C$.$ treasury stock

D$.$ number of shares issued

Which of the following statements best describes the term "par value?"

A$.$ an amount used in determining a corporation's legal capital.

B$.$ the amount that must be paid to purchase a share of stock.

C$.$ determined by dividing total stockholder's equity by the number of shares of stock.

D$.$ the number of shares currently in the hands of stockholders.

Flint Corp. issued $10,000$ shares of no$-$par stock for $$150,000.$ Flint was authorized to issue $25,000$ shares. What effect will this event have on the company's accounting equation?