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.

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Definitions:

Hunger Signals

Physiological cues sent by the body to indicate the need for food intake, involving hormones, the central nervous system, and other bodily mechanisms.

Satiety Signals

Internal biological signals sent by the body to indicate fullness and control food intake.

Neurons

Specialized cells in the nervous system that transmit information to other nerve cells, muscle, or gland cells, through electrical and chemical signals.

Ghrelin

A hormone produced in the stomach that stimulates appetite, promoting the feeling of hunger.