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The Shareholders' Equity Section of the Balance Sheet of Caesar

question 41

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The shareholders' equity section of the balance sheet of Caesar Corporation at December 31, 2009, appears as follows: (The company engaged in no treasury share transactions prior to 2009)
The shareholders' equity section of the balance sheet of Caesar Corporation at December 31, 2009, appears as follows: (The company engaged in no treasury share transactions prior to 2009)       -Refer to the above data. If Caesar Corporation had reacquired 7,000 shares of treasury share early in 2009, then some treasury share must have been sold during 2009 for: A)  $8 per share. B)  $12.00 per share. C)  $1.50 per share. D)  $5 per share.


-Refer to the above data. If Caesar Corporation had reacquired 7,000 shares of treasury share early in 2009, then some treasury share must have been sold during 2009 for:


Definitions:

Median

The middle value in a set of numbers, which separates the higher half from the lower half of the data set.

Upper Quartile

A statistical measure indicating the value below which 75% of the data in a data set falls, marking the top end of the middle 50% of data.

Lower Quartile

The value below which 25% of the data falls, marking the lower end of the middle 50% of a dataset.

Median

The middle value in a list of numbers, which separates the higher half from the lower half.

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