Moving to another question will save this response. . Question 1 All the followings are corporate advantages, EXCEPT: a. Separate legal entity b. Transferable ownership rights. O c. Easier capital accumulation. O d. Unlimited liability. 1 2. 3 4 5 6 Moving to another question will save this response. Question 2 If a corporation issues common stock above its par value, the journal entry to record the transaction includes: a. credit paid-in capital in excess of par. b. Debit paid-in capital in excess of par. O c. credit retained earnings. O d.credit cash. A Moving to another question will save this response. 4 2 NO 3 5 6 Moving to another question will save this response. Question 3 If a company declares 26% stock dividend to its shareholders, this refers to Small Stock Dividends. O True O False A Moving to another question will save this response