Reference no: EM132794098

The following data has been collected about Keller Company's stockholders' equity accounts:

Common stock $10 par value 18,000 shares

authorized and 9,000 shares issued, 2,200 shares outstanding$90,000

Paid-in capital in excess of par value, common stock48,000

Retained earnings23,000

Treasury stock24,860

Problem 1: Assuming the treasury shares were all purchased at the same price, the number of shares of treasury stock is:

Multiple Choice

Option 1: 48,000.
Option 2: 23,000.
Option 3: 90,000.
Option 4: 18,000.
Option 5: 6,800.