单选题 Ascot Corporation has 4 million shares of common stock authorized, 2.4 million shares of common stock issued, and 1.8 million shares of common stock outstanding. How many shares of treasury stock does Ascot own and is the treasury stock reported as an asset in Ascot' s balance sheet? Treasury shares Reported as an asset ①A. 600000 Yes ②B. 1.6 million No ③C. 600000 No

A、

A. ①
B、

B. ②
C、

C.③

【正确答案】 C

【答案解析】Shares that were issued previously but are not outstanding are treasury shares (owned by the firm). Thus, there are 600000 treasury shares(2.4 million issued 1.8 million outstanding). Treasury shares are reported as a reduction in shareholders' equity on the balance sheet. Treasury stock is not an asset.