Any differences between the acquisition costs and the resale proceeds of treasury stock must never be reported as losses,expenses,revenues,or gains in the income statement.

Question

Quizplus · Accepted Answer

Any differences between the acquisition costs and the resale proceeds of treasury stock are reported in the shareholders' equity section of the balance sheet and are never recognized as expenses, revenues, gains, or losses in the income statement.

Any Differences Between the Acquisition Costs and the Resale Proceeds