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

question 185

Multiple Choice

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

• A)1,150.
• B)11,000.
• C)1,000.
• D)21,000.
• E)575.

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Definitions:

Genetic Component

The aspect of any trait or characteristic that is determined by genes or heredity.

Psychological Disorder

A mental disorder characterized by significant disturbances in thoughts, feelings, or behaviors, impacting daily functioning.

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Ultrasound

Prenatal medical procedure using high-frequency sound waves to detect the outline of a fetus and its movements, so as to determine whether a pregnancy is progressing normally.