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Repurchase Stock

Repurchase Stock. If repurchase to retire: Contributed Cap. (CS & APIC) 25,826 Cash 25,826 If repurchase to reissue later (treasury stock) Treasury Stock (SHE) 25,826 Cash 25,826. Treasury Stock. You can’t carry your own stock as an asset

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Repurchase Stock

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  1. Repurchase Stock • If repurchase to retire: Contributed Cap. (CS & APIC) 25,826 Cash 25,826 • If repurchase to reissue later (treasury stock) Treasury Stock (SHE) 25,826 Cash 25,826

  2. Treasury Stock • You can’t carry your own stock as an asset • treasury stock is negative shareholders’ equity • You can’t recognize a profit on sale of own stock • any “gain” is additional paid in capital • If reissued at $40,000 Cash 40,000 Treasury Stock 25,826 Additional Paid in Capital 14,174

  3. Where we’ve been • Course goals • Survey of accounting • Understand the annual report • Competitive with other schools • Where I’m going • Vacation • Travel • Research

  4. What I’m good for • Accounting questions • References • Exercise questions

  5. Where you should go • Tax strategy • Shackelford, Maydew • Valuation • Abarbanell, Hand • Complex deals • Bushman • Special topics • Landsman, Bylinski

  6. Coming attractions • Tax strategy—Shackelford, Maydew • Valuation—Abarbanell, Hand • Complex deals—Bushman • Advanced topics—Landsman, Bylinski

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