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In addition to the two forms of stock ownership discussed in question 1, chapter 11 also covers Treasury Stock. 1) Explain what Treasury Stock is
In addition to the two forms of stock ownership discussed in question 1, chapter 11 also covers Treasury Stock.
1) Explain what Treasury Stock is and how it differs from the discussion in question 1. (two types of stock ownership)
2) Discuss whether a company can or cannot recognize a gain (revenue) or a loss (expense) from Treasury Stock transactions. Explain your answer.
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