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Concerning artificial intelligence (AI) ,which of the following statements is FALSE?
Premium on Stock
The amount by which the price paid for a stock exceeds its par (or nominal) value, representing additional capital paid in by investors.
Treasury Stock
Stocks that the issuing entity initially sold and then bought back, decreasing the total number of stocks available in the market.
Contra Equity
An equity account that reduces the total amount of equity, such as treasury stock or drawings account.
Asset Account
An asset account is a ledger account that tracks the value of assets owned by an individual or organization, including tangible and intangible items of value.
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