Treasury stock:
A)does not appear on the balance sheet.
B)is a contra-equity account.
C)is an asset account.
D)is recorded as additional paid-in capital.

Name: Treasury stock: A)does not appear on the balance sheet. B)is a contra-equity account. C)is an asset account. D)is recorded as additional paid-in capital.
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Question

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Treasury stock is not an asset.It is a permanent account that is reported as contra-equity,subtracted from total stockholders' equity on the balance sheet.

Treasury Stock