Treasury Stock is considered a liability account. A. true B. False
Treasury Stock is considered a liability account.
A. true
B. False
Homework Answers
The Given statement is False
Treasury stock is a contra equity account recorded in the shareholder's equity section of the balance sheet. Because treasury stock represents the number of shares repurchased from the open market, it reduces shareholder's equity by the amount paid for the stock.
Hence rather than liabiliy it is a reduction in shareholder's equity.
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