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Direction: Complete each of the following statements by writing in the Answers column the letter of the word or words that correctly each statement. (3

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Direction: Complete each of the following statements by writing in the Answers column the letter of the word or words that correctly each statement. (3 points each). Treasury stock is shown on the balance sheet as which of the following type of account? (A) Asset; (B) Liability; (C) Expense; (D) Contra-liability (E) Contra-Stockholders' equity

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