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Log in through your institution journal article Accounting for Treasury StockThe Accounting Review Vol. 37, No. 4 (Oct., 1962) , pp. 753-757 (5 pages) Published By: American Accounting Association https://www.jstor.org/stable/242366 Read and download Log in through your school or library Subscribe to JPASS Unlimited reading + 10 downloads Journal Information The Accounting Review is the premier journal for publishing articles reporting the results of accounting research and explaining and illustrating related research methodology. The scope of acceptable articles embraces any research methodology and any accounting-related subject. The primary criterion for publication in The Accounting Review is the significance of the contribution an article makes to the literature. Publisher Information The American Accounting Association is the world's largest association of accounting and business educators, researchers, and interested practitioners. A worldwide organization, the AAA promotes education, research, service, and interaction between education and practice. Formed in 1916 as the American Association of University Instructors in Accounting, the association began publishing the first of its ten journals, The Accounting Review, in 1925. Ten years later, in 1935, the association changed its name to become the American Accounting Association. The AAA now extends far beyond accounting, with 14 Sections addressing such issues as Information Systems, Artificial Intelligence/Expert Systems, Public Interest, Auditing, taxation (the American Taxation Association is a Section of the AAA), International Accounting, and Teaching and Curriculum. About 30% of AAA members live and work outside the United States. Rights & Usage This item is part of a JSTOR Collection. Read Online (Free) relies on page scans, which are not currently available to screen readers. To access this article, please contact JSTOR User Support . We'll provide a PDF copy for your screen reader. With a personal account, you can read up to 100 articles each month for free. Get StartedAlready have an account? Log in Monthly Plan
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Log in through your institution journal article Accounting for Treasury Stock Transactions: Prevailing Practices and New Statutory ProvisionsColumbia Law Review Vol. 59, No. 6 (Jun., 1959) , pp. 882-900 (19 pages) Published By: Columbia Law Review Association, Inc. https://doi.org/10.2307/1120241 https://www.jstor.org/stable/1120241 Read and download Log in through your school or library Alternate access options For independent researchers Read Online Read 100 articles/month free Subscribe to JPASS Unlimited reading + 10 downloads Journal Information Founded in 1901, the Columbia Law Review is a leader in legal scholarship in the United States and around the world. The Review is an independent nonprofit corporation edited and published entirely by students at Columbia Law School. Published eight times a year, the Review is the third most widely distributed and cited law review in the country, receiving close to 1,500 submissions yearly from which approximately 25 manuscripts are chosen for publication. Publisher Information The Columbia Law Review is one of the world’s leading publications of legal scholarship. Founded in 1901, the Review is an independent nonprofit corporation that produces a law journal edited and published entirely by students at Columbia Law School. Rights & Usage This item is part of a JSTOR Collection. What happens when treasury shares are reissued?If treasury shares are reissued, Cash is debited for the amount received and Treasury Stock is credited for the cost of the shares. Any difference may be debited or credited to Paid-in Capital in Excess of Par.
Does treasury shares affect retained earnings?Because treasury stock is stated as a minus, subtractions from stockholders' equity indirectly lower retained earnings, along with overall capital. However, treasury stock does directly affect retained earnings when a company considers authorizing and paying dividends, lowering the amount available.
Do gains affect retained earnings?Retained earnings are affected by any increases or decreases in net income and dividends paid to shareholders. As a result, any items that drive net income higher or push it lower will ultimately affect retained earnings. With net income, there's a direct connection to retained earnings.
Do treasury stock transactions increase retained earnings or net income?Some treasury stock transactions decrease retained earnings. One of those situations involves the sale of treasury stock for a price below cost when the cost method of accounting is used for treasury stock transactions and no balance exists in a Paid-in Capital from Treasury Stock account.
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