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

question 171

Multiple Choice

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

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Assuming the treasury shares were all purchased at the same price, the cost per share of the treasury stock is:

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

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