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Treasury stock is a contra-equity account and carries a debit balance. (True or false?)

tivo

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Treasury stock is a contra-equity account and carries a debit balance. (True or false?)

Treasury stock is a contra-equity account and carries a debit balance.
Is this statement one that's true or false?

Textbook

Financial Accounting

Financial Accounting

Edition: 3^rd

Authors: Kemp, Waybright

Read 99 times

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largerthanlife

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tivo Author

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7 years ago

Thank you for helping me with my accounting homework, will ask again

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