Answered: Treasury stock should be reported as

Business

Accounting

Treasury stock should be reported as

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 45BE: Treasury Stock Refer to the information for Heitman Company above. Required: 1. How will this...

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Question

Treasury stock should be reported as: a. A Reduction of stockholders equity in the balance sheet b. A Fixed asset in the balance sheet c. A long term investment in the balance sheet d. A Current asset in the balance sheet

Definition Definition Assets available to stockholders after a company's liabilities are paid off. Stockholders’ equity is also sometimes referred to as owner's equity. A stockholders’ equity or book value generally includes common stock, preferred stock, and retained earnings and is an indicator of a company's financial strength.

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