Which of the Following Is Not True About Treasury Stock

Multiple Choice Corporations do not record gains or losses on transactions involving their own stock. Treasury stock lowers the stock outstanding.

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Corporate stock that has been issued to the corporations managers.

. Gains are not recorded on treasury stock transactions but losses are. It can be reissued under stock option and other employee benefit plans. Which of the following is not true relating to treasury stock.

Stock purchased by a corporation and held as an investment and listed as an asset. Which of the following is NOT true about treasury stock. CMay increase but not decrease retained earnings.

Had never had a treasury stock transaction prior to 2013 It experienced the following treasury stock transactions during 2013. Which of the following is NOT true about treasury stock. A firm creates treasury stock when it repurchases its own stock and does not retire it.

C It lowers the value of the company. It can be reissued under stock option and other employee benefit plans. Treasury Stock does not have voting rights.

All of the following regarding accounting for Treasury Stock are true except. Treasury stock may be recorded at the cost of the stock. Treasury stock may be recorded at par or stated value.

B It can be reissued under stock option and other employee benefit plans. As an asset investment. Which of the following is NOT true about treasury stock.

It increases the net worth of the company. A firm creates treasury stock when it repurchases its own stock and does not retire it. It can be reissued under stock option and other employee benefit plans.

B It can be reissued under stock option and other employee benefit plans. Excess of the sales price over cost should be credited to retained earnings. Treasury stock is the companys own common stock that it has purchased.

The company had current assets of 145332 net fixed assets of 356190 and other assets of 4176. Which one of the following statements is not true - treasury stock transactions may result in an increase to retained earnings Exhibit 15-9. Reacquired 1000 shares of its own 5 par common stock originally sold At 12 a.

Which of the following is NOT true about treasury stock. Treasury stock may be recorded at the cost of the stock. Treasury stock may be recorded at par or stated value.

In order to increase trading of the companys stock. C It lowers the value of the company. Which of the following is NOT true about treasury stock.

Holding treasury stock causes a companys number of shares issued and number of shares outstanding to be different. It lowers the value of the company. BMay decrease but not increase retained earnings.

Which of the following is not true concerning treasury stock. Tumbling Haven a gymnastic equipment manufacturer provided the following information to its accountant. Treasury stock is in essence an increase in paid-in capital.

Corporate stock issued by the treasurer of a company. A corporations own stock which has been reacquired and held for future use. It is the firms own shares repurchased in the market by the firm.

Treasury stock may be recorded at the cost of the stock. Which of the following is true regarding treasury stock transactions by a corporation. A company would not acquire treasury stock a.

AMay decrease but not increase net income. The firm has long-term debt of 76445. On issuing treasury stock the Treasury Stock account is debited for its cost.

None of these Reacquiring treasury stock causes stockholders equity to decrease. Treasury stock is a reduction to stockholders equity. It lowers the value of the company.

Groundcover Inc. It lowers the value of the company. Treasury stock may be recorded at par or stated value.

Which of the following is not true relating to treasury stock. Treasury stock is in essence an increase in paid-in. Treasury stock lowers the stock outstanding.

A It is the firms own shares repurchased in the market by the firm. All of the following regarding accounting for Treasury Stock are true except. Treasury Stock receives cash dividends but not stock dividends.

If the number of shares of treasury stock is subtracted from the authorized shares of common stock the result is the number of outstanding shares of common stock. DMay increase net income if the cost method is used. When treasury stock is purchased we do not reverse the original stock sale which credited equity accounts Common Stock and PaidinCapital.

Dividends are not paid on treasury stock. Corporations do not record gains or losses on transactions involving their own stock. The correct answer is.

A firm creates treasury stock when it repurchases its own stock and does not retire it. Which of the following statements about treasury stock is true. A It is the firms own shares repurchased in the market by the firm.

It lowers the value of the company. In order to reissue shares to officers. Treasury stock lowers the stock outstanding.

Purchasing Treasury Stock reduces the corporations assets and equity by equal amounts. Losses on treasury stock transactions are recorded in income. Treasury Stock receives cash dividends but not stock dividends.

To have additional shares available to use in acquisitions of other companies. Instead we debit a new account called Treasury stock which is a contraequity account because it reduces Equity answer B is wrong because it says contraasset at the cost of the treasury stock. Which of the following is not true relating to treasury stock.

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