The shareholders' equity section of the balance sheet of Caesar Corporation at December 31, 2009, appears as follows: (The company engaged in no treasury share transactions prior to 2009)

-Refer to the data above. What was the original cost of the treasury share to Caesar Corporation?

Question

The shareholders' equity section of the balance sheet of Caesar Corporation at December 31, 2009, appears as follows: (The company engaged in no treasury share transactions prior to 2009)

-Refer to the data above. What was the original cost of the treasury share to Caesar Corporation?

Quizplus · Accepted Answer

The original cost of the treasury share to Caesar Corporation was $8 per share, as calculated by dividing the total cost of $40,000 by the number of shares purchased, which was 5,000.

The Shareholders' Equity Section of the Balance Sheet of Caesar