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RKJ Company provided the following information: #1. 100,000 shares of $5 par value common stock are authorized, #2.: 77,000 shares have been issued, 72,000 shares
RKJ Company provided the following information:
#1. 100,000 shares of $5 par value common stock are authorized, #2.: 77,000 shares have been issued, 72,000 shares outstanding. The 77,000 shares of common stock were issued for $11 per share. Which of the following is correct? #1. common stock is reported at $847,000 on the balance sheet. #2. Additional-paid in capital is reported at $442,000 on the balance sheet. #3. Common stock is at $385,000 on the balance sheet. #4.Treasury stock is reported at $55,000 on the balance sheet.
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