The cost per share of the treasury stock

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Reference no: EM13866579

Athens, Inc., has 9,000 shares of common stock outstanding and the following data has been collected:

Common stock, $10 par value, 20,000 shares authorized and 10,000 issued..........$100,000

Contributed capital in excess of pay value, common stock.... $50,000

Retained earnings........$25,000

Treasury stock...........411,500

The cost per share of the treasury stock is:

A $1.15

B $11.50

C $1.28

D $10.50

Reference no: EM13866579

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