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3.The par value per share of common stock represents thea.dollar amount assigned to each shareb.amount of dividends per share to be received each yearc.minimum selling price of the stock established by the articles of incorporationd.minimum amount the stockholder will receive when the corporation is liquidated4.The primary purpose of a stock split is toa.reduce the market price of the stock per shareb.increase paid-in capitalc.increase retained earningsd.increase the market price of the stock per share7.A restriction/appropriation of retained earningsa.increases total retained earningsb.decreases total assetsc.decreases total retained earningsd.has no effect on total retained earnings