Question: Treasury stock should be reported as a current asset only if it will be sold within the next year or the operating cycle, whichever is

Treasury stock should be reported

as a current asset only if it will be sold within the next year or the operating cycle, whichever is shorter.

as a deduction from total stockholders equity on the balance sheet.

as a current asset only if it will be sold within the next year or the operating cycle, whichever is longer.

in the Investments and Funds section of the balance sheet.

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