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The Following Amounts Were Reported by Ebert Corporation on December

Question 144

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The following amounts were reported by Ebert Corporation on December 31, 2009 :
The following amounts were reported by Ebert Corporation on December 31, 2009 : On January 3, 2010 , 5,000 shares of treasury stock were sold. After the sale of the treasury shares, total stockholders' equity amounted to $277,500. No stockholders' equity transactions other than the sale of the treasury stock occurred between December 31, 2009 , and January 3, 2010 . From the information given, compute the selling price per share of the treasury stock. On January 3, 2010 , 5,000 shares of treasury stock were sold. After the sale of the treasury shares, total stockholders' equity amounted to $277,500. No stockholders' equity transactions other than the sale of the treasury stock occurred between December 31, 2009 , and January 3, 2010 . From the information given, compute the selling price per share of the treasury stock.

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$13.50 per share [27...

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