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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 The 70,000 shares of issued common stock were issued for $9 per share. Which of the following statements is correct

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