ACCOUNTING PRINCIPLES-W/WILEYPLUS
ACCOUNTING PRINCIPLES-W/WILEYPLUS
14th Edition
ISBN: 9781119707158
Author: Weygandt
Publisher: WILEY
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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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