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The following data has been collected about a company's stockholders' equity accounts: Common stock $10 par value 30,000 shares authorized and 28,000 shares issued $280,000
The following data has been collected about a company's stockholders' equity accounts: |
Common stock $10 par value 30,000 shares authorized and 28,000 shares issued | $280,000 |
Contribution capital in excess of par value,common stock Retained earnings | 140,000 70,000 |
Treasury stock,2,800 shares | 53,200 |
The treasury shares were all purchased at the same price. The cost per share of the treasury stock is: |
rev: 11_25_2013_QC_41634, 12_21_2015_QC_CS-36452
A) $1.90
B) $2.11
C) $10
D) $6.00
E) $19.00
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