Which Statement Is Correct About the "Single Transaction Method" for Treasury

question 32

Multiple Choice

Which statement is correct about the "single transaction method" for treasury shares?

• A)This method has the same effect on contributed surplus to that of the two transaction method.
• B)This method uses a separate "treasury shares" account upon re-purchase.
• C)This method treats the reacquisition and subsequent sale separately for accounting.
• D)This method decreases contributed surplus at the time of re-purchase.

---

Definitions:

Computing Products

Refers to tangible and intangible items generated by the computing industry, including hardware, software, and services designed to fulfill specific technological needs.

Personal Information Management

The practice of managing and organizing electronic data related to an individual's personal details, schedules, communications, and resources.

Business Contacts

Individuals or entities involved in commercial interactions, providing opportunities for networking, partnerships, and sales.

Computer Instructions

Commands or codes input into a computer that dictate the operations the computer performs.