Treasury Stock Has A

question 113

Multiple Choice

Treasury stock has a:

• A)debit balance,the opposite of other stockholders' equity accounts.
• B)credit balance,the same as other stockholders' equity accounts.
• C)credit balance,the opposite of other stockholders' equity accounts.
• D)debit balance,the same as other stockholders' equity accounts.

---

Definitions:

Incidental Beneficiary

A third party who might benefit from a contract between two other parties but does not have legal rights to enforce the contract terms.

Assignment

The transfer of rights, duties, or property from one party to another, often used in the context of contracts or real estate.

Third-Party Beneficiary

An individual or entity that is not directly involved in a contract but stands to benefit from it as specified by the contracting parties.

Contract

A legally binding agreement between two or more parties that outlines obligations and rights with respect to each other.