Shown Below Is Information Relating to the Shareholders' Equity of Brookdale

question 122

Multiple Choice

Shown below is information relating to the shareholders' equity of Brookdale Corporation at December 31, 2010:
$\begin{array} { l r } 11 \% \text { non-cumulative preference share, } \$ 130 \text { par, 100,000 shares authorized, } & \$ 1,300,000 \\10,000 \text { shares issued } & \\\text { Ordinary shares, } \$ 1.25 \text { par, } 1,000,000 \text { shares authorized, } 600,000 \text { shares } & 750,000 \\\text { issued (of which } 6,000 \text { are held in treasury ) } & \\\text { Share premium: preference shares } & 500,000 \\\text { Share premium: ordinary shares } & 900,000 \\\text { Share premium: treasury share transactions } & 6,000 \\\text { Treasury shares (at cost: } 6,000 \text { ordinary shares) } & ( 192,000 ) \\\text { Retained earnings } & 1,350,000 ) \end{array}$

-Refer to the above data. The average issue price per share of the preference share was:

• A) $150.
• B) $165.
• C) $180.
• D) $195.

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Definitions:

Reconstruction

The period after the American Civil War (1865-1877) during which the United States attempted to redress the inequities of slavery and its political, social, and economic legacy.

Lower South

Refers to the southeastern region of the United States, particularly states like South Carolina, Georgia, Alabama, Mississippi, and Louisiana, known for its distinct historical, cultural, and economic characteristics, including its role in the antebellum period and Civil War.

1865 Elections

The 1865 Elections refer to the political elections held in various countries; in the United States, these did not occur due to the Civil War's end and Reconstruction's beginning, which focused instead on state re-admission and rebuilding.

Southern Economy

Refers to the economic structure and practices of the Southern United States, historically based on agriculture and slave labor.