Treasury stock should be reported in the financial statements of a corporation as a(n)

A) investment
B) liability
C) current asset
D) deduction from stockholders' equity

Treasury Stock

Shares of a company’s own stock that it has reacquired and holds in its treasury.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing the ownership interest of shareholders.

Financial Statements

Compiled financial data reports that reflect a company's financial condition, performance, and cash flow, including balance sheet, income statement, and statement of cash flows.