6 The initial selling price for a share of stock is called the: par value list price stated value issue price QUESTION 7 Under the conservatism rule, assets and income would be understated, rather than overstated True False QUESTION S On August 15, 2018, Dante's Desserts signed a $30,000 $% 15-year installment note which requires annual payments of $2,000 plus interest Dante's will classify this loan on the December 31, 2018 Balance Sheet as $2,000 current portion of long-term debt and $30,000 long-term debt. True False