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.
C
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Stock categorized as trading securities is purchased for $52,000. At year end, when the market value of the stock is $61,000, the adjusting entry that would be recorded is:
A) Allowance to Adjust Short-Term Investments to Market 9,000 Unrealized Gain on Short-Term Investments 9,000 B) Unrealized Loss on Short-Term Investments 9,000 Allowance to Adjust Short-Term Investments to Market 9,000 C) Allowance to Adjust Short-Term Investments to Market 9,000 Short-Term Investments 9,000 D) Realized Gain on Investments 9,000 Short-Term Investments 9,000
?Which of the following reduces the investor's risk associated with investing in bonds? 1. a sinking fund 2. a variable interest rate3. a call feature
A. ?1 and 2 B. ?1 and 3 C. ?2 and 3 D. ?1, 2, and 3
State or municipal bonds that have interest and par value paid for with funds from a designated project or specific tax are known as ________ bonds
A) Series EE B) life cycle C) revenue D) general obligation E) none of the above
Sampling error is the result of a mistake made during the sampling process
Indicate whether the statement is true or false