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True or false: No gain or loss is reported when treasury stock is reissued because GAAP does not consider transactions between a corporation and its owners to be profit-making activities. True false question.
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True or false: No gain or loss is reported when treasury stock is reissued because GAAP does not consider transactions between a corporation and its owners to be profit-making activities. True false question. True False

User Muno
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4 votes

Answer:

true

Step-by-step explanation:

GAAP does not allow gains or losses to be reported when a corporation reissues its treasury stock.

User RodrigoOlmo
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