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

question 86

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.

---

Definitions:

Growth Needs

Desires for personal growth and development.

Motivational Concepts

Theories or ideas that explain how and why individuals are driven to behave in certain ways to achieve personal or professional goals.

Effective Leadership

A leadership approach that emphasizes the ability to influence and guide others towards achieving specific goals in a manner that is efficient, inspiring, and productive.

Exercising

The activity of engaging in physical activities to improve health and maintain fitness.