Repurchased Share Transactions Are Reported on The

question 45

Multiple Choice

Repurchased share transactions are reported on the:

• A) statement of shareholders' equity
• B) statement of retained earnings
• C) income statement as an extraordinary item
• D) income statement as a part of continuing operations

---

Definitions:

Tautology

A redundant or repetitive statement in which the conclusion is equivalent to the premise.

Logic of Statements

Concerns the principles and criteria for evaluating the validity and coherence of declarative sentences that assert something.

Conjunction

A grammatically correct construction used to assert that two statements are both true.

Logic of Statements

The study and application of the principles of valid inference and correct reasoning, especially as it applies to statements.