Venture Enterprises' Accountant Determined the Following: Where Would This Item $\begin{array}{llr} \text { Common stock, \( \$ 0.01 \) par value } &\$ 50,000\\\end{array}$

Venture Enterprises' accountant determined the following: Where would this item be reported on Venture's financial statements?
$\begin{array}{llr} \text { Common stock, \( \$ 0.01 \) par value } &\$ 50,000\\\end{array}$

A) In the Stockholders' Equity section of the balance sheet
B) In the Treasury Stock section of the balance sheet
C) On the statement of retained earnings
D) On both the balance sheet and statement of retained earnings