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The following data has been collected about Keller Company's stockholders' equity accounts: Common stock $10 par value 30,000 shares authorized and 15,000 shares issued, 2,000
The following data has been collected about Keller Company's stockholders' equity accounts:
Common stock $10 par value 30,000 shares authorized and 15,000 shares issued, 2,000 shares outstanding | $150,000 |
Paid-in capital in excess of par value, common stock | 60,000 |
Retained earnings | 35,000 |
Treasury stock | 25,000 |
Assuming the treasury shares were all purchased at the same price, the number of shares of treasury stock is:
a. 30,000.
b. 60,000.
c. 35,000.
d. 150,000.
e. 13,000.
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