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Author Question: Treasury stock is a(n) _____ account. A) asset B) contra-asset C) equity D) ... (Read 113 times)

james

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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

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Reply #1 on: Jul 5, 2018
Answer to Question 1

D

Answer to Question 2

a


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