All of the following are reasons that a corporation may purchase treasury stock except

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A corporation may purchase treasury stock for various reasons, but not to directly increase the reported amount of earnings per share (EPS). Here's why the other options are valid reasons for a corporation to purchase its own stock:
a. It needs the stock for its employee stock bonus program: Companies often buy back shares to provide stock for employee compensation plans, including stock bonus programs. By holding treasury stock, the company can grant these shares to employees as part of their compensation package without having to issue new shares, which would dilute existing shareholders' ownership.
b. It desires to make an investment in its own stock: A corporation might believe that its stock is undervalued and therefore a good investment. By purchasing its own shares, the company can potentially sell them later at a higher price if the market value increases.
c. To buy out the ownership of stockholders: Sometimes, a company may want to reduce the number of shareholders or buy out certain investors. Purchasing treasury stock can be a way to achieve this, as it reduces the number of shares held by the public.
However, while buying back shares can indirectly affect the EPS by reducing the number of outstanding shares (which is the denominator in the EPS calculation), this is not a primary reason for the buyback. The main goal of EPS is to measure the profitability of a company on a per-share basis, and artificially inflating this metric through share repurchases could be misleading to investors. Moreover, the intent of share repurchases is generally not to manipulate earnings metrics but to achieve other strategic or financial objectives.

All of the Following Are Reasons That a Corporation May