Which of the following statements about Treasury Stock is correct?

A. The balance in the Treasury Stock account reduces paid-in capital.
B. The balance in the Treasury Stock account reduces total Stockholders' Equity.
C. The balance in the Treasury Stock reduces Retained Earnings.
D. The balance in the Treasury Stock account increases paid-in capital.


Answer: B

Business

You might also like to view...

Analysts reporting on companies will pay close attention to the disclosures regarding pension benefits. Key points include all of the following except:

A. because of high assumed discount rates, most pension plans have remained underfunded with funding ratios ranging between 69% and 86% since 2008. B. to help analysts determine whether fund assets are large enough to satisfy currently anticipated pension benefit payouts, FASB ASC Topic 715 requires firms to provide a table that lists the dollar benefits expected to be paid in each of the ensuing five years and in the aggregate for the five years thereafter. C. while companies with overfunded plans can suspend funding for long periods and use the cash for other operating purposes, underfunded plans may reflect past and continuing cash flow difficulties. D. the common rule of thumb is that a 1% decrease in discount rate would increase PBO by 17.0% whereas a 1% increase would decrease it by 14.5%.

Business

What are the various steps a company can take to improve the quality of its marketing intelligence function?

What will be an ideal response?

Business

The American Marketing Association defines a ________ as "a name, term, sign, symbol, or design, or a combination of them, intended to identify the goods or services of one seller or group of sellers and to differentiate them from those of

competitors." A) copyright B) trademark C) slogan D) brand E) logo

Business

An example of a dependent demand item would be?

a. Bicycle seat b. Bicycle c. Both a bicycle seat and a bicycle d. Neither a bicycle seat nor a bicycle

Business