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The Common Stock account increases when treasury stock is resold for more than its original cost.Group startsTrue or False

Question

The Common Stock account increases when treasury stock is resold for more than its original cost.Group startsTrue or False

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Solution

False. The Common Stock account does not increase when treasury stock is resold for more than its original cost. The excess amount is recorded in the additional paid-in capital account, not the common stock account.

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