Which of the Following Combinations Appropriately Reflects the Type of Accounts

question 184

Short Answer

Which of the following combinations appropriately reflects the type of accounts represented by the Treasury Stock account and the Additional Paid-In Capital-Treasury Stock account?
$\begin{array}{cc} \text { Treasury Stock} &&&&&& \text {Additional Paid-In Capital—-Treasury Stock } \\\end{array}$
a. $\begin{array}{cc} \text { contra stockholders' equity } & \text { stockholders' equity } \\\end{array}$

b. $\begin{array}{cc} \text { contra stockholders' equity } & \text { contra stockholders' equity } \\\end{array}$

c. $\begin{array}{cc} \text { stockholders' equity } &&&& \text {stockholders' equity } \\\end{array}$

d. $\begin{array}{cc} \text {retained earnings } &&&&& \text { retained earnings} \\\end{array}$

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Binary Decision

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A type of decision point in an algorithm. In a loop, a question is asked, and if the answer is yes, a set of actions is performed. Once the set of actions has finished, the question is asked again, creating a loop. If the answer to the question is no, the algorithm breaks free of the loop and moves on to the first step that follows the loop.