Which of the following statements is true regarding a corporation's purchase of treasury stock?
A) The cost of treasury stock is a reduction in stockholders' equity.
B) Dividends must still be paid on treasury stock because it is still issued.
C) Treasury stock is reported as an asset because it is considered an investment in the corporation's own stock.
D) Treasury stock is no longer considered issued once it is back in the hands of the issuer.
A
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Indicate whether the statement is true or false
The __________ is responsible for enforcing federal anti-discrimination laws
a. OSHA b. Social Security Administration c. EEOC d. NLRB
The Tse Manufacturing Corporation uses a job-order costing system and applies overhead to jobs using a predetermined overhead rate. The company closes any balance in the Manufacturing Overhead account to Cost of Goods Sold. During the year the company's Finished Goods inventory account was debited for $125,000 and credited for $110,000. The ending balance in the Finished Goods inventory account was $28,000. At the end of the year, manufacturing overhead was overapplied by $4,500. The balance in the Finished Goods inventory account at the beginning of the year was:
A. $8,500 B. $13,000 C. $17,500 D. $28,000
Which of the following is a vertical cooperative strategy?
A. market division B. price-fixing C. reciprocal dealing D. joint venture