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    Business
  3. Study Set
    Intermediate Accounting Reporting and Analysis
  4. Exam
    Exam 4: The Balance Sheet and the Statement of Shareholders Equity
  5. Question
    On the Balance Sheet, Treasury Stock Is Classified as a
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On the Balance Sheet, Treasury Stock Is Classified as a

Question 86

Question 86

Multiple Choice

On the balance sheet, treasury stock is classified as a


A) long-term investment account
B) contra shareholders' equity account
C) companion shareholders' equity account
D) contra asset account

Correct Answer:

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