Consider the following statements and decide whether they are true or false.

I. Treasury stock represents money that a company has invested in U.S. Treasury Bills and Bonds.

II. The Common Stock account is reported on the balance sheet at the current market price of the stock.

III. Retained Earnings on the Balance Sheet represents all net income ever earned by the company less all dividends the company has paid.

IV. If I add cash, marketable securities and retained earnings together as they are presented on the Balance sheet, I will get a sense of my company's true cash position.

Select one:

a.

One is true.

b.

Two are true.

c.

All are true.

d.

All are false.

Clear my choice