Question 49 3 pt Which of the following is TRUE regarding the accounting for treasury stock? Treasury stock is reported on the balance sheet in the equity section. Treasury stock is a contra equity account. Treasury stock is the number of issued shares repurchased by the company. All of these statements are true for treasury stock. Question 50 3 pts On December 18, 2019, Seifert Corp. declared a $40,000 dividend to be paid on January 25, 2020 to shareholders of record on January 3, 2020. On which date will Seifert debit the Dividends account? December 31, 2019 January 25, 2020 January 3, 2020 December 18, 2019