A company cannot report a gain or loss when buying or selling its own stock.

Name: A company cannot report a gain or loss when buying or selling its own stock.
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Question

Quizplus · Accepted Answer

According to the Generally Accepted Accounting Principles (GAAP), companies cannot report gains or losses when buying or selling their own stock. This is because such transactions do not result in any change to the company's assets or liabilities.

A Company Cannot Report a Gain or Loss When Buying