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RKJ Company has provided the following information: - 100,000 shares of $5 par value common stock are authorized - 63,000 shares have been issued -
RKJ Company has provided the following information: - 100,000 shares of $5 par value common stock are authorized - 63,000 shares have been issued - 58,000 shares are outstanding The 63,000 shares of issued common stock were issued for $11 per share. Which of the following statements is correct? Multiple Choice Additional-paid in capital is reported at $358,000 on the balance sheet. Common stock is reported at $693,000 on the balance sheet. Treasury stock is reported at $55,000 on the balance sheet. Common stock is reported at $315,000 on the balance sheet. RKJ Company has provided the following information: - 100,000 shares of $5 par value common stock are authorized - 63,000 shares have been issued - 58,000 shares are outstanding The 63,000 shares of issued common stock were issued for $11 per share. Which of the following statements is correct? Multiple Choice Additional-paid in capital is reported at $358,000 on the balance sheet. Common stock is reported at $693,000 on the balance sheet. Treasury stock is reported at $55,000 on the balance sheet. Common stock is reported at $315,000 on the balance sheet
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