Explain how treasury stock affects the stockholders' equity section of the balance sheet and the calculation of

Question:

Explain how treasury stock affects the stockholders' equity section of the and the calculation of earnings per share.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...