when treasury stock is accounted for at cost,the cost is reported on the balance sheet as()

题目

when treasury stock is accounted for at cost,the cost is reported on the balance sheet as()
A cost of goods sold
B asset
C reduction of retained earnings
D unallocated reduction of shareholders' equity.

答案

选D.unallocated reduction of shareholders' equity.
网上能查到这个句子：
Treasury stock is not considered to be an asset:it is a reduction of stockholders' equity.