Question: A corporation usually recognizes a gain or loss when: a. it reissues treasury stock for an amount less than or greater than its par value.

A corporation usually recognizes a gain or loss when:

a. it reissues treasury stock for an amount less than or greater than its par value.

b. it reissues treasury stock for an amount less than or greater than its cost to acquire the stock.

c. it issues stock to employees at a price specified in a stock option plan.

d. none of the above.

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