following are the issuances of stock transactions. a corporation issued 10,000 shares of $20 par value common stock for $240,000 cash. a corporation issued 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $37,500. the stock has a $1 per share stated value. a corporation issued 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $37,500. the stock has no stated value. a corporation issued 2,500 shares of $25 par value preferred stock for $100,000 cash.
