The following information is available regarding a corporation's common shares: authorized 30,000 shares; issued 10,000 at $100,000; and 15,000 at $175,000. The average cost of the corporation's shares is
A) $10.
B) $11.
C) $11.67.
D) $13.75.

Question

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The Answer of The following information is available regarding a corporation's common shares: authorized 30,000 shares; issued 10,000 at $100,000; and 15,000 at $175,000. The average cost of the corporation's shares is
A) $10.
B) $11.
C) $11.67.
D) $13.75.

The Following Information Is Available Regarding a Corporation's Common Shares