The Shareholders' Equity Section of the Balance Sheet of Caesar

Multiple Choice

The shareholders' equity section of the balance sheet of Caesar Corporation at December 31, 2009, appears as follows: (The company engaged in no treasury share transactions prior to 2009)



-Refer to the above data. If Caesar Corporation had reacquired 7,000 shares of treasury share early in 2009, then some treasury share must have been sold during 2009 for:

A) $8 per share.
B) $12.00 per share.
C) $1.50 per share.
D) $5 per share.