s for Corporations Answer the questions below. Use complete sentences in your response. Do not duplicate the questions in your response. Use the corresponding number of the question. Your answers can be submitted in the text box below or as a word document. These types of assignments are very important. These assignments help develop skills in communications by articulating your thoughts and assisting in explaining complex accounting concepts to others. 1. List the advantages of the corporate form of organization. 2. What is the maximum number of shares a company may legally issue? 3. Distinguish among legal capital, par value, no-par value and no-par with a stated value. 4. How does one calculate Paid-In Capital in Excess of Par Value or Stated Value? 5. Explain the account Paid-In Capital in Excess of Par Value as it relates to exchange of stock for noncash assets