RKJ Company Has Provided the Following Information

question 43

Multiple Choice

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
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Which of the following statements is correct?

• A)RKJ has 35,000 shares of treasury stock.
• B)RKJ has 30,000 shares of treasury stock.
• C)RKJ can issue an additional 35,000 shares of common stock.
• D)RKJ can issue an additional 30,000 shares of common stock.

Understand the financial reporting requirements for different types of leases.

Identify the factors that make an asset a likely candidate for leasing.

Understand various theories and models related to aggression and their implications.

Explain self-perception theory and its impact on attitudes and behaviors.