The purchase of treasury stock ________. A) requires ...

[mrsjacobs44]

The purchase of treasury stock ________.
 
  A) requires recognition on the income statement of any gain made on the purchase
  B) requires recognition on the income statement of any loss incurred on the purchase
  C) does not require recognition on the income statement of any gain made on the purchase
  D) always decreases net income

Question 2

Sales Tax Payable is a liability account.
 a. True
   b. False
   Indicate whether the statement is true or false

[Laurenleakan]

Answer to Question 1

C

Answer to Question 2

True

[mrsjacobs44]

Thank you

[Laurenleakan]

No problemo