Answered: Treasury stock is? a) New stock issued…

Treasury stock is? a) New stock issued by the company b) Stock of other companies owned c) Company's own stock that has been repurchased d) Preferred stock only

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter15: Contributed Capital

Section: Chapter Questions

Problem 9GI: What amount of the proceeds from the issuance of no-par, no-stated-value stock is recorded in the...

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Financial Accounting: Treasury stock is?

Treasury stock is?
a) New stock issued by the company
b) Stock of other companies owned
c) Company's own stock that has been
repurchased
d) Preferred stock only

Definition Definition Stock repurchased from the stockholders by the company that once issued it. The repurchase of the stock reduces the stockholder's equity balance on the balance sheet. Treasury stocks are an important constituent of stockholder's equity but do not carry any voting rights.

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