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Assuming There Are No Further Transactions Involving Treasury Stock in 2018,the

Question 125

Multiple Choice

Assuming there are no further transactions involving treasury stock in 2018,the financial statements of Jetter Corporation for 2018 will show:


A) Treasury Stock of $81,000 among the assets in the balance sheet.
B) Gain on Sale of Treasury Stock of $3,000 in the income statement for 2018.
C) Treasury Stock of $120,000 as a deduction in the stockholders' equity section of the December 31,2018,balance sheet.
D) Additional Paid-In Capital: Treasury Stock Transactions of $3,000 in the December 31,2018 balance sheet.

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