1. What are the characteristics of a corporation (advantages/disadvantages) 
2. How a corporation is formed. 
3. What are the Rights of stockholders? 
4. Understand what par value (or stated value) is and how it impacts the journal entry for issuance of stock.
5. Identify the components of corporate capital (Paid-in Capital; Retained Earnings) and what they represent/how they are treated on the balance sheet.

Answer rating: 100% (QA)

1 The five main characteristics of a corporation are limited liability shareholder ownership double taxation continuing lifespan and in most cases professional management 2 Corporations are often form... View the full answer