Which of the following is a true statement regarding Treasury Stock? Select one: O a. Treasury stock is recorded at the price paid to acquire the stock (Cost) O b. When a corporation acquires Treasury Stock the number of shares outstanding decreases. O c. Treasury stock reduces total stockholder's equity O d. All of the statements are true Which of the following is an advantage to debt financing over equity? Select one: O a. Debt reduces solvency of the firm b. Deducting interest expenses provide tax savings c. Return on stockholders' equity may be lower d. All of the above are advantages Which of the following is not a characteristic of preferred stock? Select one: O a. Preferred stockholders have the right to receive dividend distributions from the corporation before dividends are paid to common stock to dividends O b. In the event of the corporation liquidating, preferred stockholders have a right to receive corporate assets before any assets are distributed to common stockholders Oc. Preferred stock may have either a par value or no-par value Od. Preferred stock is listed in the liabilities section of the balance sheet