If a Company Does Not Maintain Its Treasury Stock Records

question 63

Multiple Choice

If a company does not maintain its treasury stock records on a specific identification basis, which of the following approaches may be used to record a reduction in the treasury stock account when the stock is reissued?

• A)FIFO or average costing
• B)FIFO or LIFO costing
• C)LIFO or average costing
• D)none of these

---

Definitions:

Reasonable Accommodation

Adjustments or modifications made to a job or workplace to enable an employee with disabilities to perform their job duties.

Equal Employment

Policies and practices that aim to eliminate discrimination in the workplace and ensure fair treatment for all employees regardless of certain characteristics.

Equal Employment

A principle that ensures opportunities in the workplace are given fairly without discrimination on the basis of race, gender, age, disabilities, religion, or nationality.

Ancestry

The lineage or genealogical descent of an individual, often influencing cultural or familial identity.