Losses that a corporation suffers from dealing in its own stock may:
A)Never be recorded in the retained earnings account.
B)Be recorded as a long-term loss.
C)Be recorded in the retained earnings account.
D)Be recorded as a loss from peripheral or incidental transactions (i.e., not from continuing operations).

Question

Quizplus · Accepted Answer

Losses from treasury stock transactions are recorded in the retained earnings account.

Losses That a Corporation Suffers from Dealing in Its Own