The following data has been collected about a company's stockholders' equity accounts:
The treasury shares were all purchased at the same price.
The cost per share of the treasury stock is:
A)$1.15.
B)$1.28.
C)$11.50.
D)$10.50.
E)$10.00.

Question

The following data has been collected about a company's stockholders' equity accounts:
 The treasury shares were all purchased at the same price.
The cost per share of the treasury stock is:
A)$1.15. 
B)$1.28. 
C)$11.50. 
D)$10.50. 
E)$10.00.

Quizplus · Accepted Answer

$11,500/1,000 = $11.50, the cost per share of treasury stock

The Following Data Has Been Collected About a Company's Stockholders