True or False Treasury stock is reported in the stockholders' equity section of the balance sheet.

Auditing: A Risk Based-Approach to Conducting a Quality Audit
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Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
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Chapter13: Auditing Debt Obligations And Stockholders’ Equity Transactions
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Treasury stock is reported in the stockholders' equity section of the balance sheet.

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