How should a gain from sale of treasury stock be reflected

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How should a "gain" from the sale of treasury stock be reflected when using the cost method of recording treasury stock transactions?

a. As ordinary earnings shown on the income statement.

b. As paid-in capital from treasury stock transactions.

c. As an increase in the amount shown for common stock.

d. As an extraordinary item shown on the income statement.

Reference no: EM13453498

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