How much was the cost per share of treasury shares

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Problem 1: On December 31, 2020, the Treasury Share account of ABL Corporation showed a balance of ?490,000. These shares were previously reacquired from ordinary shareholders. On December 31, 2020, Ordinary Share Capital showed a balance of ?22,050,000 at ?75 par value. On the same date, there were 238,000 outstanding ordinary shares. All subscriptions were fully paid and share certificates were issued. How much was the cost per share of treasury shares upon reacquisition?

Reference no: EM132889504

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