Question: Which of the following isnottrue concerning treasury stock? Select one: a. Holding treasury stock causes a company's number of shares issued and number of shares

Which of the following isnottrue concerning treasury stock?

Select one: a. Holding treasury stock causes a company's number of shares issued and number of shares outstanding to be different. b. Dividends are not paid on treasury stock. c. Treasury stock is a reduction to stockholders' equity. d. A company might repurchase its own stock to lower its stock price. e. Treasury stock is recorded at the cost of the stock on the date it was repurchased.

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