Porter Hardware, Inc issues $2 par common stock. Which of the following is true?
A) $2 per share is presented on the balance sheet in the common stock account.
B) $2 per share is the maximum selling price for these shares of stock.
C) Liabilities will increase as a result of this transaction.
D) $2 in dividends will be paid to the stockholders as a result of this transaction.
A
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