When common stock has a par value: a) the liability of the stockholders is limited to the par value b) there will probably be additional paid-in capital in the balance sheet.

When common stock has a par value:
a) the liability of the stockholders is limited to the par value
b) there will probably be additional paid-in capital in the balance sheet
c) the market value of the stock will be higher than if there is no par value
d) the paid-in capital will equal the par value of the number of shares issued

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