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Which may require accounting adjustments that

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Reference no: EM132966945

Problem 1: When firms have repurchased large amounts of their own stock , then treasury stock may be greater than total assets. This may require accounting adjustments that:

1. include omitting treasury stock form equity
2. using total assets instead of equity
3. substituting market value of equity instead of book value
4. all the above answers are correct
5. none of the above answers are correct

Reference no: EM132966945

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