The sale of treasury stock at an amount less than cost results in a loss to be reported on the income statement.

Name: The sale of treasury stock at an amount less than cost results in a loss to be reported on the income statement.
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The sale of treasury stock at an amount less than its cost is not reported as a loss on the income statement but is instead treated as a reduction in equity, affecting the accounts within stockholders' equity.

The Sale of Treasury Stock at an Amount Less Than