Multiple Choice
Glow Co.reacquired 60,000 shares of its common stock at $25 per share.The balance of the treasury stock account is reported on the balance sheet as a(n) :
A) increase in long-term liabilities.
B) reduction of stockholders' equity.
C) reduction of fixed assets.
D) increase in current liabilities.
Correct Answer:
Verified
Correct Answer:
Verified
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