A corporation may acquire treasury stock for various reasons: To reduce the number of shares outstanding and thereby increase earnings per share. To have additional shares available for use in the acquisition of other companies. To reissue the shares to officers and employees under bonus and stock compensation plans. All of the listed choices de COntinded operation Which among the following statement is correct about dis continued operation: The company eliminates a component of its business. None of these The revenues, expenses, and profit or loss generated from the company's on-going activities. The company has significant on-going involvement. What is the journal entry for payment of preference dividend on irredeemable preference shares on the date of declaration? Dr. Preference dividend payable Cr. Retained earnings Dr. Preference dividend payable Cr. Cash None of the listed choices Dr. Retained earnings Cr. Preference dividend payable W for the