The cost method of accounting for the purchase and sale of treasury stock is a commonly used method.

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The cost method of accounting for the purchase and sale of treasury stock is a commonly used method. This method involves recording the treasury stock at its cost of acquisition and any subsequent sales of treasury stock are recorded at the cost of the shares sold. This method is used to track the cost of the company's treasury stock and to ensure that any gains or losses on the purchase and sale of treasury stock are accurately recorded in the company's financial statements.

The Cost Method of Accounting for the Purchase and Sale