Which describes the stockholders' equity account created when a corporation purchases its own stock and holds it for reissue?

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When a corporation purchases its own stock and holds it for reissue, the stockholders' equity account created is known as treasury stock. Treasury stock represents shares of stock that the company has bought back from the open market, and it reduces the amount of outstanding shares that are available for trading. This account is reported as a deduction from total stockholders' equity on the balance sheet.

Which Describes the Stockholders' Equity Account Created When a Corporation