Which one of the following is a true statement about stock? A. Treasury stock is stated at a given percentage of the value of preferred stock and has a normal credit balance. B. A reverse stock split reduces the par value per share and is always disproportionate. C. A journal entry is required in a proportionate stock split as well as a memorandum entry. D. The purchase price of the stock must be greater than or equal to 95% of the stock's market price in a noncompensatory stock option