Which of the following statements about treasury stock transactions is true? Multiple Choice O Stockholders' equity is reduced when treasury stock te acquired Treasury stock is recorded as an asset by the acquiring company Gains and losses on the sale of treasury stock are recorded in the income statement O Only losses on the sale of treasury stock are recorded in the income statemen. is an investing cash flow and is a financing cash flow, as reported in the Statement of Cash Flows Multiple Choice Purchasing treasury stock lending canh to an employee Issuing bonds, selling investments O Receiving cash from the sale of inventory, paying cash dividende O Purchasing land; repaying a bank loan