Treasury Shares Are

question 57

Multiple Choice

Treasury shares are

• A)shares held as an investment by the treasurer of the corporation.
• B)shares held as an investment of the corporation.
• C)issued and outstanding shares.
• D)issued but not outstanding shares.

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Definitions:

Journal

A record where all financial transactions are initially noted before being transferred to specific accounts in the ledger.

Income Statement Columns

Income statement columns refer to the structured format used to present the revenues, expenses, and net profit or loss of a business over a specific period.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, culminating in net income or loss.

Net Income

The final earnings of a company after total revenue has had all taxes and expenses removed.