When treasury stock is sold for more than the company originally paid to purchase the shares, the difference:
A. Decreases net income and decreases stockholders' equity.
B. Increases stockholders' equity.
C. Has no effect on net income or stockholders' equity.
D. Increases net income.
Answer: B
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a. True b. False Indicate whether the statement is true or false
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A. 11.30% B. 11.64% C. 11.99% D. 12.35% E. 12.72%
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A posting reference column is used ________
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