The following data has been collected about Keller Company's stockholders' equity accounts: Common stock $10 par value 13,000 shares authorized and 6,500 shares issued, and 2,700 shares outstanding Paid-in capital in excess of par value, common stock Retained earnings $ 65,000 43,000 18,000 Treasury stock 29,000 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 13,000 shares authorized and
6,500 shares issued, and 2,700 shares outstanding
Paid-in capital in excess of par value, common stock
Retained earnings
$ 65,000
43,000
18,000
Treasury stock
29,000
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 13,000 shares authorized and 6,500 shares issued, and 2,700 shares outstanding Paid-in capital in excess of par value, common stock Retained earnings $ 65,000 43,000 18,000 Treasury stock 29,000 Assuming the treasury shares were all purchased at the same price, the number of shares of treasury stock is:
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