Why is treasury stock subtracted from shareholders equity on the balance sheet?

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Why is treasury stock subtracted from shareholders’ equity on the balance sheet?

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Introduction to Accounting An Integrated Approach

ISBN: 978-0078136603

6th edition

Authors: Penne Ainsworth, Dan Deines

Question Posted: Mar 25, 2015 11:51 AM

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Why is treasury stock subtracted from shareholders equity on the balance sheet?

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The dollar amount of treasury stock is subtracted from total stoc...View the full answer

Introduction to Accounting An Integrated Approach

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