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You are the CFO of a public company that has been managing a substantial stock repurchase program. An investor contacts you to inquire about buying
You are the CFO of a public company that has been managing a substantial stock repurchase program. An investor contacts you to inquire about buying shares that you now hold as Treasury Stock. They will pay a substantially higher price than the market price shown in the Treasury Stock account. Does US GAAP permit you to record the surplus (the difference betwen the higher re-sale price and the lower Treasury Stock carrying amount) as Income anywhere in the Statement of Comprehensive Income
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