A corporation sometimes engages in treasury stock transactions. Required 1. Define treasury stock. 2. Why would a

Question:

A sometimes engages in treasury stock transactions.

Required
1. Define treasury stock.
2. Why would a acquire treasury stock?
3. Briefly explain the cost method of accounting for the reacquisition and reissuance of treasury stock. Assume the treasury stock is and has a par value.
4. Briefly explain the presentation of treasury stock under this method.

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