Any consideration paid or received from treasury shares is
A) recognized as income.
B) recognized directly in equity.
C) recognized in the common stock account.
D) recognized in other comprehensive income.

Question

Quizplus · Accepted Answer

Consideration paid or received from treasury shares is recognized directly in equity, not as income, in the common stock account, or in other comprehensive income. This is because treasury shares transactions are considered equity transactions.

Any Consideration Paid or Received from Treasury Shares Is