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A CFO repurchases his company's stock and holds it as Treasury Stock. He does not retire the shares. He reserves the right to resell the
A CFO repurchases his company's stock and holds it as Treasury Stock. He does not retire the shares. He reserves the right to resell the shares with Board approval. The CFO boasts: "Our company's best ASSETS are these Treasury Shares!" Ture or False: The Treasury Shares are Assets in US GAAP
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