True or False.

	1.	Stock issuance costs are charged to expenses.
	2.	Authorized share capital has a normal credit balance
	3.	Discount on share capital has a normal debit balance and is shown under the asset section in the statement of financial position.
	4.	If shares are issued at more than par, share capital is credited equal to its par and the share premium is credited for the excess.
	5.	If the fair value of the property is not available, the transaction may be recorded using the fair market value of the share issued.
	6.	Share capital maybe issued for an outstanding liability.
	7.	Cost of public offerings of shares are capitalized.
	8.	Share premium is credited upon full payment of shares subscribed.
	9.	Shares can be issued at par or more than par but not less than par.
	10.	Shares issued for services rendered are recorded at the value of shares issued.
	11.	Subscribed share capital has a normal credit balance.
	12.	Subscription receivable account may either be presented in the equity or in the current asset section of the statement of financial position.
	13.	The corporation may purchase delinquent shares.
	14.	The highest bidder is willing to pay the offer price of the delinquent shares for the highest number of shares.
	15.	Unissued share capital account is used under the memorandum entry method of accounting for authorized share capital.
	16.	Memorandum entry method recognizes the account preference or ordinary share capital upon issuance of the shares for cash
	17.	Subscribed share ordinary share capital is a deduction from the ordinary share capital account.
	18.	Share certificates may be issued to shareholders upon full payment.
	19.	Shares may be issued for tangible or intangible properties.
	20.	Treasury share account is established when a corporation acquires its own shares.