Suppose Pfizer issues 100,000 shares of its common stock, \($0.05\) par value, to obtain a warehouse and the accompanying land when the price of the stock is \($22.00.\) Which one of the following statements is not true?

a. The newly acquired assets will increase total assets by \($2.2\) million.

b. Retained earnings are unaffected.

c. The common stock account increases by \($5,000.

d.\) Total shareholders’ equity increases by \($2,195,000.

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