Which of the following is not correct?______.A.We record the purchase of treasury stock by
Which of the following is not correct?______.
A.We record the purchase of treasury stock by debiting the asset given in exchange—usually cash and crediting Treasury Stock.
B.Stockholders' equity is divided into two main parts: paid-in capital and retained earnings.
C.The policy-making body in a corporation is called the board of directors.
D.None of the above.