If treasury stock is sold for less than cost, the entry to record the transaction would include a:

A) debit to Treasury Stock.
B) credit to Treasury Stock.
C) debit to Common Stock.
D) None of these answers is correct.

Treasury Stock

Stock that has been bought back by the issuing company, reducing the amount of outstanding stock on the open market.

Sold for Less

A situation where the selling price of goods or services is less than their cost or original value.

Cost

The amount of money required to purchase or produce something, including materials, labor, and overhead expenses.