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How is treasury stock shown on the balance sheet

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Reference no: EM132611968

Problem 1: If there is no written agreement as to the way income will be divided among partners,

Group of answer choices

a. they will share income and losses according to the time devoted to the business.

b. there really is no partnership agreement.

c. they will share income and losses according to their capital balances.

d. they will share income and losses equally.

Problem 2: How is treasury stock shown on the balance sheet?

Group of answer choices

a. as an increase in stockholders' equity

b. Treasury stock is not shown on the balance sheet.

c. as a decrease in stockholders' equity

d. as an asset

Reference no: EM132611968

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