Which of the following best describes the possible result of treasury share transactions?    a. May decrease but not increase net income. b. May increase net income if the cost method is used. c. May increase but not decrease retained earnings. d. May decrease but not increase retained earnings.

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Chapter16: Statement Of Cash Flows
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Problem 11MC: Which of the following would trigger a subtraction in the indirect operating section? A. gain on...
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Which of the following best describes the possible result of treasury share transactions? 
 
a. May decrease but not increase net income.
b. May increase net income if the cost method is used.
c. May increase but not decrease retained earnings.
d. May decrease but not increase retained earnings.
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