What's transaction can increase the amount of treasury stock in which shown in Shareholders' Equity in Balance sheet ( in this picture is $-8,131) ,for example, retirement of treasury stockThe picture attached is not the question, it's just illustrated supplementary of this question. Shareholders' equity:Common shares, par value $2.50 per share (authorized 2,000 shares,issued 1,071 and 1,072 shares)2,679Paid-in capital in excess of par value309Accumulated other comprehensive lossRetained earnings(399)21,809Treasury stock, at cost (223 shares)(8,131)Company shareholders' equity16,267

Treasury stock is also known as treasury shares is the stock which is reacquired by the company of…

What's transaction can increase the amount of treasury stock in which shown in Shareholders' Equity in Balance sheet ( in this picture is $-8,131) ,for example, retirement of treasury stock The picture attached is not the question, it's just illustrated supplementary of this question.

What's transaction can increase the amount of treasury stock in which shown in Shareholders' Equity in Balance sheet ( in this picture is $-8,131) ,for example, retirement of treasury stock The picture attached is not the question, it's just illustrated supplementary of this question.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

What's transaction can increase the amount of treasury stock in which shown in Shareholders' Equity in Balance sheet ( in this picture is $-8,131) ,for example, retirement of treasury stock

The picture attached is not the question, it's just illustrated supplementary of this question.

Shareholders' equity:
Common shares, par value $2.50 per share (authorized 2,000 shares,
issued 1,071 and 1,072 shares)
2,679
Paid-in capital in excess of par value
309
Accumulated other comprehensive loss
Retained earnings
(399)
21,809
Treasury stock, at cost (223 shares)
(8,131)
Company shareholders' equity
16,267

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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