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    Intermediate Accounting Study Set 10
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    Exam 5: Financial Position and Cash Flows
  5. Question
    Treasury Stock Should Be Reported as A(n)
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Treasury Stock Should Be Reported as A(n)

Question 22

Question 22

Multiple Choice

Treasury stock should be reported as a(n)


A) current asset.
B) investment.
C) other asset.
D) reduction of shareholders' equity.

Correct Answer:

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