The excess of retirement cost over the original issuance price is * Debited to Share Premium - Treasury Shares Debited to Retained Earnings Debited to Share Capital Both a and b respectively

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter6: Fixed-income Securities: Characteristics And Valuation
Section: Chapter Questions
Problem 4QTD
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The excess of retirement cost over the
original issuance price is
Debited to Share Premium - Treasury
Shares
Debited to Retained Earnings
Debited to Share Capital
Both a and b respectively
Which of the following is an appropriate
presentation of treasury stock?"
As a marketable security
As a deduction at cost from total
stockholders' equity
As a deduction at cost from total
contingent liabilities
As a deduction at par from total
stockholders' equity
Transcribed Image Text:The excess of retirement cost over the original issuance price is Debited to Share Premium - Treasury Shares Debited to Retained Earnings Debited to Share Capital Both a and b respectively Which of the following is an appropriate presentation of treasury stock?" As a marketable security As a deduction at cost from total stockholders' equity As a deduction at cost from total contingent liabilities As a deduction at par from total stockholders' equity
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