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If a Company Purchases Treasury Stock for $10,000 and Then

Question 20

Multiple Choice

If a company purchases treasury stock for $10,000 and then reissues it for $3,000,the difference of $7,000 is

A) treated as a gain on the sale.
B) treated as a loss on the sale.
C) an increase in stockholders' equity.
D) a decrease in stockholders' equity.

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