The following amounts were reported by Ebert Corporation on December 31, 2009 :
On January 3, 2010 , 5,000 shares of treasury stock were sold. After the sale of the treasury shares, total stockholders' equity amounted to $277,500. No stockholders' equity transactions other than the sale of the treasury stock occurred between December 31, 2009 , and January 3, 2010 . From the information given, compute the selling price per share of the treasury stock.

Question

The following amounts were reported by Ebert Corporation on December 31, 2009 :
  On January 3, 2010 , 5,000 shares of treasury stock were sold. After the sale of the treasury shares, total stockholders' equity amounted to $277,500. No stockholders' equity transactions other than the sale of the treasury stock occurred between December 31, 2009 , and January 3, 2010 . From the information given, compute the selling price per share of the treasury stock.

Quizplus · Accepted Answer

The Answer of The following amounts were reported by Ebert Corporation on December 31, 2009 :
  On January 3, 2010 , 5,000 shares of treasury stock were sold. After the sale of the treasury shares, total stockholders' equity amounted to $277,500. No stockholders' equity transactions other than the sale of the treasury stock occurred between December 31, 2009 , and January 3, 2010 . From the information given, compute the selling price per share of the treasury stock.

The Following Amounts Were Reported by Ebert Corporation on December