When a Company Purchases Treasury Stock,which of the Following Statements

Multiple Choice

When a company purchases treasury stock,which of the following statements is true?

A) Treasury stock is considered to be an asset because cash is paid for the stock.
B) The cost of the treasury stock reduces stockholders' equity.
C) Dividends continue to be paid on the treasury stock because it is still issued.
D) Since treasury stock is held by the original issuer,it is no longer considered to be issued.