1. Several years ago, ABC Inc authorized 1,000,000 shares of its $2 par value stock. Today, the balance in the Common Stock at par account is $500,000.Which of the following statements must be true?

A) 500,000 shares of common stock have been issued to the public

B) ABC Inc can issue 750,000 more shares of common stock.

C) Its common stock trades for $2 per share in the market.

D) The issue price of common stock was $2 per share.