QUESTION 9 Suppose a corporation issues 5,000 shares of $I par common stock for $30 per share. In addition to the increase in cash, what effect does this transaction have on the accounting equation? Retained earnings increases $150,000. uld n os 0 Common stock increases $1.50,000. O Gain on stock issuance increases $145,000 QUESTION 10 Par value represents the 0 arbitrary amount that establishes a minimum price for the stock when it is first issued. O current market price of the stock 6.5 p amount for which any treasury shares have been acquired by the corporation O amount for which treasury shares may be reissued. QUESTION 41 7 poi Common stock usually has all of the following features except voting rights. preemptive right residual claim to net assets conversion privilege