Treasury Stock is normally reported as:

Question

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Treasury stock represents shares of a company's own stock that have been repurchased from shareholders. When a company buys back its own stock, the shares are no longer outstanding, which reduces the total number of outstanding shares. Since stockholders' equity is calculated by subtracting liabilities from assets, reducing the number of outstanding shares reduces the total stockholders' equity. Therefore, treasury stock is reported as a reduction of total stockholders' equity.

Treasury Stock Is Normally Reported As