Purchase of Treasury Stock

Purchase of Treasury Stock - • Purchase of treasury stock...

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Purchase of Treasury Stock Generally accounted for by the cost method. Debit Treasury Stock for the price paid. Treasury stock is a contra stockholders’ equity account, not an asset.
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Unformatted text preview: • Purchase of treasury stock reduces stockholders’ equity ....
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This note was uploaded on 01/04/2012 for the course ACCOUNTING ac 201 taught by Professor - during the Spring '11 term at Montgomery.

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