Question 16 Not yet answered Marked out of 1.00 Rag question If a firm issues shares on a subscription basis, the initial payment journal entry will include a decrease in additional paid-in capital by the amount of the number of shares multiplied by the contract price minus the par value. Select one: True False Question 17 Not yet answered Marked out of 1.00 P Flag question A firm has 10,000 authorized shares and 1,000 shares issued and outstanding. If the firm pays out $5,000 of cash dividends, the dividend per share will equal $5. Select one: True False