Question: TB MC Qu . 1 1 - 4 9 ( Algo ) RKJ Company has provided... RKJ Company has provided the following information: 1 0

TB MC Qu.11-49(Algo) RKJ Company has provided...
RKJ Company has provided the following information:
100,000 shares of $5 par value common stock are authorized
77,000 shares have been issued
72,000 shares are outstanding
Which of the following statements is correct?
Multiple Choice
RKJ has 28,000 shares of treasury stock.
RKJ can issue an additional 28,000 shares of common stock.
RKJ has 23,000 shares of treasury stock.
RKJ can issue an additional 23,000 shares of common stock.

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