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
You might also like to view...
A consumer proposal
A) does not show up on a person's credit rating B) stays on a person's credit rating for 9 months C) stays on a person's credit rating for 3 years D) stays on a person's credit rating for 6 years E) stays on a person's credit rating forever
The binary constraint MUST COVER indicates that ________
A) a specific binary relationship must be included in a ternary relationship B) a binary relationship includes a set of value combinations that must all occur in a ternary relationship C) a table includes values that must occur in a binary relationship D) a table includes values that must occur in a ternary relationship