Treasury stock is a(n) _____ account. A) asset B) contra-asset C) equity D) ...

Author Question: Treasury stock is a(n) _____ account. A) asset B) contra-asset C) equity D) ... (Read 111 times)

james

Hero Member
Posts: 573

on: Jul 5, 2018

Treasury stock is a(n) _____ account.

A) asset
B) contra-asset
C) equity
D) contra-equity

Question 2

The debit balance in Cash Short and Over at the end of an accounting period is reported as
a. an expense on the income statement
b. income on the income statement
c. an asset on the balance sheet
d. a liability on the balance sheet

Sammyo

Sr. Member
Posts: 329

Reply #1 on: Jul 5, 2018

Answer to Question 1

D

Answer to Question 2

a

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