Question
RKJ Company has provided the following information: .100,000 shares of $5 par value common stock are authorized 70,000 shares have been issued 65,000 shares are
RKJ Company has provided the following information: .100,000 shares of $5 par value common stock are authorized 70,000 shares have been issued 65,000 shares are outstanding Which of the following statements is correct? RKJ has 35,000 shares of treasury stock. RKJ can issue an additional 35,000 shares of common stock. RKJ can resell 5,000 shares of common stock. RKJ has 30,000 shares of treasury stock. D Question 33 4 pts Which of the following correctly describes the effect of declaring and distributing a common stock dividend? O The number of shares outstanding increases while the par value of each share decreases. Total stockholders' equity remains the same. The number of shares outstanding decreases while the par value of each share increases. Total stockholders' equity decreases
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