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Neo
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For Neo What does a gain in treasury stock represent and is

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For Neo
What does a gain in treasury stock represent and is it reported in the balance sheet in the stockholders equity section?
Submitted: 6 years ago.
Category: Homework
Expert:  Neo replied 6 years ago.
Good day!

Are your sure it's gain from treasury stock and not Additional paid in Capital from Treasury?

Corporation should NEVER report any loss and gain from treasury stock.

Edited by Neo on 3/1/2010 at 4:52 AM EST
Customer: replied 6 years ago.
It is a" gain on sale of treasury stock"
Expert:  Neo replied 6 years ago.

Corporation should NEVER report any loss and gain from treasury stock.
.
Customer: replied 6 years ago.

I am not comfortable with that - Do you mind telling me why this is not recorded in the balance sheet?

Expert:  Neo replied 6 years ago.
THIS ANSWER IS LOCKED!

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