Treasury Stock Should Be Reported

Multiple Choice

Treasury stock should be reported

A) as a current asset only if it will be sold within the next year or the operating cycle,whichever is longer.
B) as a current asset only if it will be sold within the next year or the operating cycle,whichever is shorter.
C) in the Investments and Funds section of the balance sheet.
D) as a deduction from total stockholders' equity on the balance sheet.