RKJ Company Has Provided the Following Information

question 131

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

• A)Common stock is reported at $630,000 on the balance sheet.
• B)Additional paid-in capital is reported at $260,000 on the balance sheet.
• C)Common stock is reported at $350,000 on the balance sheet.
• D)Treasury stock is reported at $45,000 on the balance sheet.

Apply May's concepts of responsibility and authenticity to analyze personal decisions in case studies.

Compare and contrast Rogers's concept of congruency with May's concept of authenticity.

Analyze behavior using May's existential analytic theory, focusing on the human dilemma and examples thereof in case studies.

Explain behavior and relationship dynamics using May's three modes of existence and his concept of alienation.

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Definitions:

Zero Profit

A condition in which a firm's total revenues are exactly equal to its total costs, making no economic profit.

Electricity Prices

The amount charged by energy suppliers for the consumption of electrical power.

Member-Owners

Member-Owners are individuals or entities that own a share of a cooperative or membership-based organization, granting them certain rights and responsibilities within that organization.

Profit-Maximizing Output

The level of production at which a firm achieves the highest possible profit.