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Incorrect practices related to the treasury stock

The following items discusses the practices related to the treasury stock. Please choose the item that is not a correct practice.

a.Treasury stock is the own common share repurchased by the firm.
b.Treasury stock is recorded as an asset on B/S
c.To increase the stock price, firms may have treasury stocks.
d.The profit from sales of the treasury stocks is recorded as a capital increase

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Treasury Stock.

The following items discusses the practices related to the treasury stock. Please choose the item that is not a correct practice.

a.Treasury stock is the own common share repurchased by the firm.
b.Treasury stock is recorded as an asset on B/S
c.To increase the stock price, firms may have ...

Solution Summary

Your tutorial gives you a paragraph of instructional comments about how to record treasury stock purchase and reissue.

$2.19