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1. What is treasury stock? Explain and discuss some of the reasons a corporation may purchase treasury stock. 2. What is a stock dividend? Describe

1. What is treasury stock? Explain and discuss some of the reasons a corporation may purchase treasury stock.

2. What is a stock dividend? Describe and discuss reasons why a company would choose to give dividends in the form of stock rather than cash. In your response explain how issuance of a stock dividend affects the accounting records.

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