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Homework answers / question archive / Treasury stock is normally accounted for using the: legal value method par value method

Treasury stock is normally accounted for using the: legal value method par value method

Accounting

Treasury stock is normally accounted for using the:

    1. legal value method
    2. par value method.
    3. cost method.
    4. stated value method.

 

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Answer:

c .

Step-by-Step explanation

Treasury stock:

It is the stock which repurchased by the issuing company. It is also called reacquired stock and it is determined by the cost method.

Hence, option c is correct.

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