how should treasury stock be presented on the balance sheet
2007-01-29 10:49:19 · 2 answers · asked by kyla99 1 in Business & Finance ➔ Other - Business & Finance
Treasury stock has already been issued, but is now held back by the company again - usually through share buy-back programs. This compares to unissued stock, which has been authorized, but not issued.
Depending on which GAAP you are using, treasury stock is usually a contra-account to owners' equity. Treasury stock is either kept by the company (e.g. pending issuance to back warrants, no journal entry), re-issued (e.g. debit cash, credit treasury stock) or cancelled (i.e. debit treasury stock, credit additional paid in capital).
2007-01-29 13:04:10 · answer #1 · answered by csanda 6 · 0⤊ 0⤋
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2016-12-13 03:55:12 · answer #2 · answered by minissale 4 · 0⤊ 0⤋