CGJ Company Has Provided the Following

Multiple Choice

CGJ Company has provided the following:
• 200,000 shares of $5 par value common stock are authorized
• 140,000 shares of common stock were issued for $11 per share
• 130,000 shares are outstanding
Which of the following statements is false?

A) Common stock is reported at $700,000 on the balance sheet.
B) Additional paid-in capital is reported at $840,000 on the balance sheet.
C) Stockholders' equity decreased $110,000 when the treasury stock was purchased.
D) There are 10,000 shares of treasury stock.