QUESTION 9 The arbitrary amount assigned by a company to a share of its stock is the total value no - par value capital value par value none of these is correct QUESTION 10 Daffy Duct, Inc., issued 100,000 shares of $1 par value common stock at $5 per share. Miss Steak, the bookkeeper, recorded the transaction with a $500,000 debit to Cash and $500,000 credit to Common Stock. Which of the following is true? Common Stock will be overstated. This entry is correct. Total shareholders' equity is overstated. Total assets are understated.