The Following Data Has Been Collected About Keller Company's Stockholders

question 76

Multiple Choice

The following data has been collected about Keller Company's stockholders' equity accounts: $\begin{array}{|l|l|}\hline \text { Common stock } \$ 10 \text { par value } 20,000 \text { shares authorized and } 10,000\\\text { shares issued, } 9,000 \text { shares outstanding }&\$100,000\\\hline \text { Paid-in capital in excess of par value, common stock } & 50,000 \\\hline \text { Retained earnings } & 25,000 \\\hline \text { Treasury stock } & 11,500 \\\hline\end{array}$ Assuming the treasury shares were all purchased at the same price, the cost per share of the treasury stock is:

• A)$1.15.
• B)$1.28.
• C)$11.50.
• D)$10.50.
• E)$10.00.

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Definitions:

Birth Control

Methods or devices used to prevent pregnancy by interfering with the natural process of ovulation, fertilization, or implantation.

Single Mother

A single mother is a woman who raises her child or children without the involvement or support of the child's father, due to various circumstances such as divorce, separation, death, or choice.

U.S. Birthrates

The statistical measure of the number of births per 1,000 people in the United States over a specified period of time.

15- To 16-Year-Old Girls

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