Treasury Stock Should Be Reported

question 30

Multiple Choice

Treasury stock should be reported

• A) as a current asset only if it will be sold within the next year or the operating cycle,whichever is longer.
• B) as a current asset only if it will be sold within the next year or the operating cycle,whichever is shorter.
• C) in the Investments and Funds section of the balance sheet.
• D) as a deduction from total stockholders' equity on the balance sheet.

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