39. Which statement regarding treasury stock is false? A). Treasury stock is considered to be issued but not outstanding B). Treasury stock has no voting, dividend, or liquidation rights. C). Treasury stock reduces total stockholders' equity D). None of the above are false. on the balance sheet. 40. Which of the following is ordered from the largest number of shares to the smallest number of shares? A). Shares authorized, shares issued, shares outstanding. B). Shares issued, shares outstanding, shares authorized. C) Shares outstanding, shares issued, shares authorized. D). Shares in treasury, shares outstanding, shares issued. 40, Which of the following is ordered from the largest number of shares to the smallest number of shares? A). Shares authorized, shares issued, shares outstanding. B). Shares issued, shares outstanding, shares authorized. C) Shares outstanding, shares issued, shares authorized. D). Shares in treasury, shares outstanding, shares issued