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Treasury stock should be reported as a current asset only if it will be sold within the next year or the operating cycle, whichever is
Treasury stock should be reported as a current asset only if it will be sold within the next year or the operating cycle, whichever is shorter.
- As a deduction from total stockholders’ equity on the balance sheet.
- As a current asset only if it will be sold within the next year or the operating cycle, whichever is longer.
- In the Investments and Funds section of the balance sheet.
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Accounting concepts and applications
Authors: Albrecht Stice, Stice Swain
11th Edition
978-0538750196, 538745487, 538750197, 978-0538745482
