Describe and discuss the journal entries for treasury stock

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Reference no: EM133372353

Questions:

a. Describe and discuss the journal entries for Treasury stock (when a company buys back their stock) including what you need to do when Treasury stock is sold at, below or above the price it was purchased. Include in your discussion how Treasury stock affects the Balance Sheet.

b. Under what conditions of bond issuance does a discount on bonds payable arise? Under what conditions of bond issuance does a premium on bonds payable arise?

 

Reference no: EM133372353

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