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:

X Chromosome

One of the two sex chromosomes, determining genetic sex when paired with another X chromosome (female) or a Y chromosome (male).

Hypothalamus

A region of the brain responsible for hormone production that regulates essential bodily functions, including temperature, hunger, thirst, and emotional activity.

Heterosexual Males

Men who are sexually attracted to individuals of the opposite sex.

Homosexual Males

Men who experience sexual attraction to other men.