7 A company is chartered in a state that requires the designation of a PAR VALUE to Common Stock. The company wishes to issue shares to raise cash at a Market Price of $ 100 per share. The corporate counsel informs the Board of Directors that the Par Value of the Company's shares are $ 1 per share. What is the name of the Equity account that must be used to record the difference between the Market Price of the stock on the issue date and the Par Value? 8 In general can Additional Paid in Capital (APIC) plus PAR VALUE, the two components of the Common Stock account presented in class, ever sum up to a negative number? 9 Can total Equity on the Balance Sheet ever be negative? 10 Liabilities are greater than Assets. What must be the sign of Equity in this instance (positive or negative)