Shown below is information relating to the stockholders' equity of Clydsdale Corporation at December 31, 2010 4 cumulative preferred stock $80 par, 100,000 shares authorized 20 000 shares issued $1,600,000 Common stock S2 50 par 1 000 000 shares authorized, 1,500 000 600 000 shares issued (of which 8 000 are held in treasury) Additional paid in capital preferred stock 800 000 Additional paid in capital common stock 900 000 Treasury stock (8 000 common shares) (192 000) Retained earnings 1,825,000 Refer to the information above If Clydesdale Corporation had reacquired the 8,000 shares of treasury stock early in 2010, what was the purchase price per share $2 50 per share $4 00 per share $24 per share More information is needed to determine the purchase price

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Shown below is information relating to the stockholders' equity of Clydsdale Corporation at December 31, 2010  4  cumulative preferred stock  $80 par, 100,000 shares authorized  20 000 shares issued $1,600,000 Common stock  S2 50 par  1 000 000 shares authorized, 1,500 000 600 000 shares issued (of which 8 000 are held in treasury) Additional paid in capital  preferred stock 800 000 Additional paid in capital  common stock 900 000 Treasury stock (8 000 common shares) (192 000) Retained earnings 1,825,000 Refer to the information above  If Clydesdale Corporation had reacquired the 8,000 shares of treasury stock early in 2010, what was the purchase price per share  $2 50 per share  $4 00 per share  $24 per share  More information is needed to determine the purchase price

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Shown below is information relating to the stockholders' equity of Clydsdale Corporation at December 31, 2010: 4% cumulative preferred stock. $80 par, 100,000 shares authorized.

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