The following data has been collected about Keller Company's stockholders' equity accounts: Common stock $10 par value 25,000 shares authorized and 12,500 shares issued, 1,500 shares outstanding Paid-in capital in exces Retained earnings $125,000 55,000 ess of par value, common stock 30,000 Treasury stock 18,000 Assuming the treasury shares were all purchased at the same price, the number of shares of treasury stock is:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following data has been collected about Keller Company's stockholders' equity accounts:
Common stock $10 par value 25,000 shares
authorized and 12,500 shares issued, 1,500 shares
outstanding
Paid-in capital in exces
Retained earnings
$125,000
55,000
ess of par value, common stock
30,000
Treasury stock
18,000
Assuming the treasury shares were all purchased at the same price, the number of shares of treasury stock is:
Transcribed Image Text:The following data has been collected about Keller Company's stockholders' equity accounts: Common stock $10 par value 25,000 shares authorized and 12,500 shares issued, 1,500 shares outstanding Paid-in capital in exces Retained earnings $125,000 55,000 ess of par value, common stock 30,000 Treasury stock 18,000 Assuming the treasury shares were all purchased at the same price, the number of shares of treasury stock is:
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