If a company purchases treasury stock for $6,000 and then reissues it for $5,000, the difference of

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If a company purchases treasury stock for $6,000 and then reissues it for $5,000, the difference of $1,000 is:

a. treated as a gain on the sale.

b. treated as a loss on the sale.

c. an increase in stockholders’ equity.

d. a decrease in stockholders’ equity

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Cornerstones Of Financial Accounting Current Trends Update

ISBN: 9781111527952

1st Edition

Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen

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