The following data has been collected about Keller Companys

The following data has been collected about Keller Company\'s stockholders equity accounts: Common stock $1e par value 29,800 shares authorized and 14,500 shares issued, 1,90 shares $145,000 outstanding Paid-in capital in excess of par value, common stock Retained earnings Treasury stock 59,000 34,000 23,560 Assuming the treasury shares were all purchased at the same price, the number of shares of treasury stock is: Multiple Cnoice 2,600 145,000. 59,000. 29,000 34,000. Pev 30 of 4011: Next>

Solution

Number of treasury shares = Number of shares issued-Number of shares outstanding = 14500-1900 = 12600 Answer: 12,600 shares