Treasury stock purchased for $35 per share that is reissued at $31 per share results in a Loss on Sale of Treasury Stock being recognized on the income statement.

Name: Treasury stock purchased for $35 per share that is reissued at $31 per share results in a Loss on Sale of Treasury Stock being recognized on the income statement.
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There would be a gain on sale of treasury stock since the reissued price of $31 per share is lower than the purchase price of $35 per share.

Treasury Stock Purchased for $35 Per Share That Is Reissued