Flynn corp., which is authorized to issue 25,000 shares of no-par common stock, issued 10,000 shares for $150,000. what effect will this event have on the accounting equation? increase assets by $375,000 increase, equity by $375,000. increase assets by $150,000, increase net income by $150,000. increase assets by $150,000, increase equity by $150,000. increase assets by $150,000, increase net income by $150,000 and increase assets by $150,000, increase equity by $150,000.