Accounting Principles 12th Edition
Accounting Principles 12th Edition
12th Edition
ISBN: 9781119263111
Author: Kimmel, Kieso Weygandt
Publisher: WILEY
Question
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Chapter 13, Problem 13Q
To determine

Treasury Stock: The portion of common stock held by company itself is called treasury stock. It is usually the result of buyback or repurchase of shares or left out potion of common shares that was not issued to the public.

To Explain: Reason for repurchase of own stock by a company.

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