Which of the following is TRUE about treasury stock?
A) It is an asset.
B) It receives cash dividends.
C) It retains voting rights.
D) It is a contra-equity account.
Answer: D) It is a contra-equity account
Which of the following is TRUE about treasury stock?
A) It is an asset.
B) It receives cash dividends.
C) It retains voting rights.
D) It is a contra-equity account.
Answer: D) It is a contra-equity account
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.