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Which of the following statements is true regarding treasury stock? a. Dividends are paid on treasury stock. b. Paid-In Capital from Sale of Treasury Stock

Which of the following statements is true regarding treasury stock? a. Dividends are paid on treasury stock. b. Paid-In Capital from Sale of Treasury Stock may have a debit balance. c. Paid-In Capital from Sale of Treasury Stock may be debited on the sale of treasury stock. d. None of these choices are correct.

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