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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 58,000 shares

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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 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?

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