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Treasury Stock is recorded/reported when: Select one: a. a company has unsold/un-issued stock. b. a company owns US Treasury Bonds I c. a company purchases

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Treasury Stock is recorded/reported when: Select one: a. a company has unsold/un-issued stock. b. a company owns US Treasury Bonds I c. a company purchases its own previously issued stock. When using the "cost" method, the purchase of Treasury Stock is journalized as follows: Select one: a. Debit Treasury Stock; Credit Cash; Credit Paid-in Capital b. Debit Treasury Stock, Credit Cash; Credit Excess over Market Value c. Debit Treasury Stock; Credit Cash Treasury Stock Select one: a. increases Stockholder's Equity b. decreases Stockholder's Equity c. does not affect Stockholder's Equity

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