Write True if the statement is correct or False if the statement is incorrect. 1. Shares without par value may not be issued for a consideration less than P5.00 per share. 2. The account Share Premium - Stated Value is credited when the stated value exceeds the subscription or selling price of a no par share. 3. No par value shares shall be issued without full payment. 4. Share Premium in excess of par is not part of total contributed capital. 5. No par shares issued for a consideration shall be deemed fully paid. 6. Banks, trust companies and insurance companies are permitted to issue no par shares. 7. Accounting for no par shares can be made under both the journal entry and memorandum entry method. 8 The market value of shares of stock is always equal to its par or stated value. 9. Unissued share capital is credited when stocks are issued under memorandum entry method. 10. No par valxue shares can be acquired through subscription