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

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.