If Stock with a $2 Par Value Was Issued for $12

Multiple Choice

If stock with a $2 par value was issued for $12 per share,

A) common stock would be credited for $12 per share
B) common stock cannot be issued for more than par value
C) paid-in capital in excess of par should be credited for $10 per share
D) gain on sale of common stock should be credited for $10 per share