The Prohibition on Income Recognition from Trading in the Company's Shares Your friend has considered stock repurchases

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The Prohibition on Income Recognition from Trading in the Company's Shares Your friend has considered stock repurchases and thinks that it is proper for the company to buy its own shares and subsequently reissue them, recognizing a profit in doing so that should be reported on the income statement. How do you respond?

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Muhammad Salman Alvi

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