2. Assume P&G issues 100,000 shares of its own common stock in exchange for a warehouse and the accompanying land when the price of the common stock is $60 a share. Which of the following statements is not true? a. The newly acquired assets will increase total assets by $6,000,000, b. Retained earnings is unaffected. c. Liabilities increase by $6,000,000. d. Stockholders' equity increases by $6,000,000.

2. Assume P\&G issues 100,000 shares of its own common stock in exchange for a warehouse and the accompanying land when the price of the common stock is $60 a share. Which of the following statements is not true? a. The newly acquired assets will increase total assets by $6,000,000, b. Retained eamings is unaffected. c. Liabilities increase by $6,000,000. d. Stockholders' equity increases by $6,000,000