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jmarc jmarc
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5 years ago
How should a gain from the sale of treasury stock be reflected when using the single transaction
method of recording treasury stock transactions?
A) As an extraordinary item shown on the income statement
B) As ordinary earnings shown on the income statement
C) As contributed capital from treasury stock transactions
D) As an increase in the amount shown for common stock
Textbook 
Intermediate Accounting, Volume 2

Intermediate Accounting, Volume 2


Edition: 5th
Authors:
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ediblefruitzediblefruitz
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jmarc Author
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#2
5 years ago
Electric Light Bulb Correct, thanks!
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