In Which Section of the Balance Sheet Would Treasury Stock

question 70

Multiple Choice

In which section of the balance sheet would treasury stock be reported?

• A)Fixed assets
• B)Long-term liabilities
• C)Stockholders' equity
• D)Intangible assets

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Definitions:

Privately Held Organizations

Companies owned by private individuals or groups and not traded publicly on the stock market.

Contributory

Involving or denoting a pension, insurance plan, or other benefit scheme where both employers and employees make payments towards the cost.

CPP/QPP

Refers to Canada Pension Plan/Quebec Pension Plan, which are public pension plans in Canada designed to provide income for workers upon retirement.

RRSPs

Registered Retirement Savings Plans, a type of financial account in Canada for holding savings and investment assets to support retirement.