2. When a corporation issues capital stock at a price higher than the par value:

A. The amount received over par value increases retained earnings.

B. The entire issue price is credited to the Capital Stock account.

C. The amount received in excess of par value is revenue to the issuing corporation.

D. The amount received in excess of par value becomes part of paid-in capital.

3. The purchase of treasury stock for cash will:

A. Increase stockholders' equity.

B. Not increase nor decrease stockholders' equity.

C. Decrease stockholders' equity.

D. Not change total assets.