Which of the Following Balance-Sheet Accounts Will Be Affected When

question 106

Multiple Choice

Which of the following balance-sheet accounts will be affected when the company buys back some of its outstanding shares?

• A) retained earnings
• B) additional paid-in capital
• C) treasury shares at cost
• D) All of the choices are correct

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Consensus

General agreement among a group of people.

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A type of legal offense that is considered a violation only because of the age of the offender, such as truancy or underage drinking.

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Characteristics or conditions that are associated with an increased chance of developing a disease or injury.