RKJ Company Has Provided the Following: • 100,000 Shares of $5

question 66

Multiple Choice

RKJ Company has provided the following: • 100,000 shares of $5 par value common stock are authorized
• 70,000 shares were issued for $9 per share
• 65,000 shares are outstanding
Which of the following statements is correct based only on the above facts?

• 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.

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Definitions:

Neuron

A neuron is a nerve cell that is the basic building block of the nervous system, involved in the transmission of electrical impulses.

Agonist

A chemical or drug that binds to receptors in the brain and causes a biological response.

Neurotransmitter

Neurotransmitters are chemical messengers that transmit signals across synaptic gaps between neurons, influencing various bodily functions and behaviors.

Drug

A substance that has a physiological effect when ingested or otherwise introduced into the body.