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Which of the following is not true concerning treasury stock?
Select one:
a. Holding treasury stock causes a company's number of shares issued and number of shares outstanding to be different.
b. Dividends are not paid on treasury stock.
c. Treasury stock is a reduction to stockholders' equity.
d. A company might repurchase its own stock to lower its stock price.
e. Treasury stock is recorded at the cost of the stock on the date it was repurchased.
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