Question 103
Multiple Choice
Shown below is information relating to the shareholders' equity of Brookdale Corporation at December 31, 2010:
11% non-cumulative preference share, $130 par, 100,000 shares authorized, 10,000 shares issued Ordinary shares, $1.25 par, 1,000,000 shares authorized, 600,000 shares issued (of which 6,000 are held in treasury ) Share premium: preference shares Share premium: ordinary shares Share premium: treasury share transactions Treasury shares (at cost: 6,000 ordinary shares) Retained earnings $1,300,000750,000500,000900,0006,000(192,000) 1,350,000)
-Refer to the above data. The average issue price per share of the preference share was:
A) $150.
B) $165.
C) $180.
D) $195.
Correct Answer:

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