Porter Hardware, Inc. issues $2 par common stock. Which of the following is true?

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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 dividends will be paid to the stockholders as a result of this transaction

Answer: A

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