Which of the following is a disadvantage of using debt financing compared to equity financing? Shareholder control is not affected O Income tax savings result O Earnings per share and return on equity may be higher The interest on the debt must be paid PAC Strategic Inc. has a total of 50,000 common shares issued and outstanding with a balance in its Common Shares account of $150,000. On February 8, PAC reacquired 5,000 of its common shares at a market price of $4.25 per share. To record this reacquisition PAC would debit the Common Shares account for $21,250 $20,000 $18,250 O $15.000