53-When a corporation buys back shares of its own common stock in a market transaction for a price greater than par value, the corporation will: a. Debit Treasury Stock and credit Cash.
b. Debit Retained Earnings and credit Treasury Stock.
c. Debit Treasury Stock and credit Common Stock.
d. Debit Common Stock and credit Treasury Stock.

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

It would be option a