Which of the following is a True statement about Corporations?

When Treasury Stock is sold for more than its cost, the amount received in excess of cos account.

Stockholders in a corporation are personally liable for the claims of creditors of the corp

When a corporation sells par value stock at an amount greater than par value, Paid$-$In Ca between the cash received and the par value of the stock.

A corporation usually has less authorized stock than issued stock.