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Question 5 (1 point) Treasury stock is 1) stock issued by the U.S. Treasury Department. 2) stock purchased by a corporation and held as an

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Question 5 (1 point) Treasury stock is 1) stock issued by the U.S. Treasury Department. 2) stock purchased by a corporation and held as an investment in its treasury. 3) corporate stock issued by the treasurer of a company. 4) a corporation's own stock, which has been reacquired and held for future use. Question 6 (1 point) Racer Corporation's December 31, 2012 balance sheet showed the following: D.Ch112181 Racer's total stockholders' equity was 1) $55,140,000 O2) $46,860,000. 3) $54,510,000 4) $53,880,000 Question 6 (1 point) Racer Corporation's December 31, 2012 balance sheet showed the following: Ch11Q181 Racer's total stockholders' equity was 1) $55,140,000 2) $46,860,000. 3) $54,510,000. 4) $53,880,000

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