Which Statement About a "Treasury Shares" Is Correct

question 15

Multiple Choice

Which statement about a "treasury shares" is correct?

• A)No company is permitted to hold treasury shares.
• B)Treasury shares have voting rights.
• C)Treasury shares receive dividends.
• D)There are two methods that can be used to account for treasury shares: the single-transaction method and the two-transaction method.

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Definitions:

Leap Years

Years that are divisible by 4 (with the exception of years divisible by 100 but not by 400), and include an additional day in February.

Interest Computation

The process of calculating the interest payable on a loan or earned on an investment, based on the principal, rate, and time.

Maturity Date

The date on which a financial obligation must be repaid or settled in full.

Leap Years

Years that are divisible by 4 (except for years divisible by 100, unless they are also divisible by 400), having 366 days to keep the calendar year synchronized with the astronomical year.