Under the Par Value Method of Accounting for Treasury Stock

question 81

Multiple Choice

Under the par value method of accounting for treasury stock, the treasury stock is reported on the balance sheet as a deduction from

• A) the sum of contributed capital, other comprehensive income, and retained earnings.
• B) retained earnings.
• C) capital stock.
• D) contributed capital.

---

Definitions:

Electoral College

A group of people (electors) designated to formally elect the President and Vice President of the United States based on the popular vote in each state.

Personal Voter Registration

The process by which individuals sign up or register themselves to be eligible to vote in elections, as opposed to automatic registration systems.

Voting Rights

The entitlements and protections ensuring that eligible citizens can participate in elections without undue barriers.

Motor Voter Law

Legislation that allows citizens of a country to register to vote at the same time they apply for or renew a driver's license or state-issued ID card.