Question: The Prohibition on Income Recognition from trading in the Company s

The Prohibition on Income Recognition from trading in the Company’s Shares your friend has considered stock repurchases. He thinks that it is proper for the company to buy its own shares and subsequently reissue them, recognizing a profit on the reissuance that would be reported on the income statement. How do you respond?


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  • CreatedFebruary 20, 2015
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