Question on treasury stock

Reference no: EM1345397

The following items discusses the practices related to the treasury stock. Please choose the item that is not a correct practice.

a.Treasury stock is the own common share repurchased by the firm.
b.Treasury stock is recorded as an asset on B/S
c.To increase the stock price, firms may have treasury stocks.
d.The profit from sales of the treasury stocks is recorded as a capital increase

Reference no: EM1345397

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Question on treasury stock : The following items discusses the practices related to the treasury stock. Select the item that is not a correct practice.

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