TRUE OR FALSE:

1- a stock split increases total stockholder's equity

2-the retirement of share capital requires the cancellation of stock certificate originally issued to the shareholders

3- the conversion of preference shares into ordinary shares affects the total shareholders' equity

4- additional paid in capital (share premium) for the excess of the stock subscription price over par or stated value is recorded at the time of subscription

5- if a corporation receives assets other than cash in exchange for shares, it records the assets received at its market

6- unissued shares represent the number of shares that may still be subscribed

7- a corporation is a business owned by its shareholders