When a company purchases treasury shares, which of the following statements is true? a. Dividends continue to

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When a company purchases treasury shares, which of the following statements is true?

a. Dividends continue to be paid on the treasury shares.

b. They are no longer considered to be issued.

c. Treasury shares are considered to be an asset because cash is paid for the shares.

d. The cost of the treasury shares reduces shareholders' equity.

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