Discussion Post
• Discuss the propriety of showing:
o Treasury stock as an asset.
o "Gain" or "loss" on sale of treasury stock as additions to or deductions from income.
o Dividends received on treasury stock as income.
• Why is the distinction between paid-in capital and retained earnings important?
The response must include a reference list. One-inch margins, double-space, Using Times New Roman 12 pnt font and APA style of writing and citations.