hayliebell8453 hayliebell8453
  • 04-02-2020
  • Business
contestada

The purchase and resale of treasury stock is normally recorded using the a.direct method. b.equity method. c.cost method. d.indirect method.

Respuesta :

Munali Munali
  • 05-02-2020

Answer:

The Correct Answer is c. Cost Method.

Explanation:

Treasury stock defines as the stock which is reacquired by the issuing company from the stockholder. This strategy reduces the outstanding stocks in the open market. There are two methods to record this transaction, par value or cost method.  This strategy reduces the total stockholder equity on the company's account and therefore treasury stocks are referred to as contra equity account.

Answer Link

Otras preguntas

when minerals in rocks combine with__________in the air chemical weathering takes place. FILL IN THE BLANK!!!!!!!
what is a antonym for microphone
what is a "summary number model"?
Which part of speech is the underlined word? They swam across the pool quickly. A. adjective B. noun C. conjunction D. pronoun
How would you find the real solution, by using the quadratic formula. x^2-4x+2=0
what number is 6.1% of 60
Which German author of the Romantic movement wrote The Sorrows of Young Werther, a novel about a hero who completely followed his heart rather than his head? A.
Why did Mao Zedung get involved in the Korea War?
karen is making two displays. One display has 57 red mugs. The other display has 76 sports mugs. The rows of each display must have the same number of mugs. Wha
Which two actions by the federal government were attempts to preserve the Union in the face of a bitter quarrel over slavery? A. Gadsden Purchase and Homestead