RKJ Company Has Provided the Following

Multiple Choice

RKJ Company has provided the following:
100,000 shares of $5 par value common stock are authorized;
70,000 shares have been issued;
65,000 shares are outstanding.
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 reissue an additional 35,000 shares of common stock.
D) RKJ can issue an additional 30,000 shares of common stock.