Retire treasury stock journal entry
If a corporation reacquires some of its stock and does not retire those shares, the There are two methods of recording treasury stock: (1) the cost method, and If the intent of reacquisition is cancellation and retirement, the treasury shares exist only until they are retired and canceled by a formal reduction of corporate 7 Sep 2001 The corporation has purchased all of my father-in-law's stock, which is now accounted for as treasury stock. We are ready to retire the stock, but